$7,064 Closing Credit*
$594,900
2,300 SqFt
3 Beds
•2 Full Baths, 1 Partial
David Johnson, Listing Office: eXp Realty
Is Chatham County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$360,535
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,288(+3.5%)
Key Takeaway
Homes in Chatham County have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Chatham County was $360,535 in November 2024, up 3.5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $223.5K | -30.2% |
| 2 Bedrooms | $245.1K | $250.6K | +2.3% |
| 3 Bedrooms | $314.9K | $324.9K | +3.2% |
| 4 Bedrooms | $404.1K | $420.3K | +4.0% |
| 5+ Bedrooms | $488.7K | $532.4K | +8.9% |
Summary: Chatham County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Counties
| Bryan County | $383K | $401.8K | +4.9% |
| Chatham County | $348.2K | $360.5K | +3.5% |
| Effingham County | $335.2K | $345K | +2.9% |
Housing Supply in Chatham County, GA
How many homes are available in Chatham County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,755 | 1,831 | +4.3% |
Summary: The Chatham County real estate market had 1,831 homes for sale in November 2024, a 4.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 48 | +17.1% |
| 2 Bedrooms | 222 | 236 | +6.3% |
| 3 Bedrooms | 783 | 789 | +0.8% |
| 4 Bedrooms | 484 | 524 | +8.3% |
| 5+ Bedrooms | 225 | 234 | +4.0% |
Summary: The Chatham County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 297 | 290 | -2.4% |
Asking Price vs. Sold Price
159 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham County, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 290 homes were sold or pending in Chatham County in November 2024, down by 2.4% month-over-month. Of the 290 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 50 Days | +36.7% |
Summary: Homes in Chatham County had an average of 50 days on market in Nov 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chatham County has remained consistent over time.
Summary: During November 2024, 290 homes were sold in Chatham County; 3% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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