$2,019 Closing Credit*
$170,000
1,299 SqFt
3 Beds
•1 Full Bath
KC Sullivan, Listing Office: The Real Estate Group, Inc.
Is Chatham, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chatham has remained a Seller's Market.
Key Takeaway
Chatham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatham, IL
How much do homes in Chatham, IL cost?
Median Sold Price
$290,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+7.4%)
Key Takeaway
Homes in Chatham have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Chatham was $290,000 in November 2024, up 7.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $96K | N/A |
| 2 Bedrooms | $127.9K | $175K | +36.8% |
| 3 Bedrooms | $247K | $265.6K | +7.6% |
| 4 Bedrooms | $330K | $359.9K | +9.1% |
| 5+ Bedrooms | $399.9K | $437.5K | +9.4% |
Summary: Chatham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Ball Township | $311K | $346.7K | +11.5% |
| Chatham | $270K | $290K | +7.4% |
| Chatham Township | $269.9K | $290K | +7.4% |
Housing Supply in Chatham, IL
How many homes are available in Chatham, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 44 | -12.0% |
Summary: The Chatham real estate market had 44 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Chatham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 9 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Chatham in November 2024, down by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Chatham, IL
How long does it take to sell a home in Chatham, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 19 Days | +96.0% |
Summary: Homes in Chatham had an average of 19 days on market in Nov 2024, up by 96% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chatham are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Chatham; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.