$5,344 Closing Credit*
$450,000
4,010 SqFt
5 Beds
•3 Full Baths, 1 Partial
Michael Oldenettel, Listing Office: The Real Estate Group, Inc.
Is Chatham Township, 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 Township has remained a Seller's Market.
Key Takeaway
Chatham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatham Township, IL
How much do homes in Chatham Township, IL cost?
Median Sold Price
$290,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,100(+7.4%)
Key Takeaway
Homes in Chatham Township have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Chatham Township was $290,000 in November 2024, up 7.4% from last year, and the median price per square foot was $127.
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 | $262.8K | +6.4% |
| 4 Bedrooms | $330K | $354.9K | +7.6% |
| 5+ Bedrooms | $400K | $437.5K | +9.4% |
Summary: Chatham Township 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 6.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Ball Township | $311K | $346.7K | +11.5% |
| Chatham Township | $269.9K | $290K | +7.4% |
| Chatham | $270K | $290K | +7.4% |
| Auburn Township | $142K | $151.5K | +6.7% |
Housing Supply in Chatham Township, IL
How many homes are available in Chatham Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 43 | -12.2% |
Summary: The Chatham Township real estate market had 43 homes for sale in November 2024, a 12.2% 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 | 24 | 20 | -16.7% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Chatham Township 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 16.7%, 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 Township, 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 Township 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 Township, IL
How long does it take to sell a home in Chatham Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 19 Days | +96.3% |
Summary: Homes in Chatham Township had an average of 19 days on market in Nov 2024, up by 96.3% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Chatham Township; 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.