Is Chatham County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Chatham County was a Seller's Market.

Key Takeaway

Chatham County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chatham County, GA

How much do homes in Chatham County, GA cost?

Median Sold Price

$360,516

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,509(+4.5%)

Key Takeaway

Homes in Chatham County have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Chatham County was $360,516 in October 2024, up 4.5% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K$225K
-35.7%
2 $245K$250.4K
+2.2%
3 $310.4K$325K
+4.7%
4 $399.9K$424.5K
+6.1%
5+ $488.5K$523.5K
+7.2%

Summary: Chatham County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Counties

Bryan County
+5.3%
Chatham County
+4.5%
Effingham County
+1.7%

Housing Supply in Chatham County, GA

How many homes are available in Chatham County, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,6791,808+7.7%

Summary: The Chatham County real estate market had 1,808 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3640
+11.1%
2 205228
+11.2%
3 744796
+7.0%
4 478506
+5.9%
5+ 216238
+10.2%

Summary: The Chatham County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 10.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
329292-11.2%

Asking Price vs. Sold Price

160 Homes Were Sold
Under Asking

82 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham County, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.

Summary: A total of 292 homes were sold or pending in Chatham County in October 2024, down by 11.2% month-over-month. Of the 289 sold homes, 55% were sold under asking, 28% were sold at asking, and 16% were sold over asking.

Days on Market for Chatham County, GA

How long does it take to sell a home in Chatham County, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days54 Days+229.7%

Summary: Homes in Chatham County had an average of 54 days on market in Oct 2024, up by 229.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chatham County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 292 homes were sold in Chatham County; 4% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Chatham County, GA

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