$3,264 Closing Credit*
$274,900
1,720 SqFt
3 Beds
•2 Full Baths
John Bavetta, Listing Office: RE/MAX Professionals
Is Chatham Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$285,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.5%)
Key Takeaway
Homes in Chatham Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Chatham Township was $285,000 in October 2024, up 7.5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $96K | N/A |
| 2 Bedrooms | $137.5K | $170K | +23.6% |
| 3 Bedrooms | $220.8K | $265.6K | +20.3% |
| 4 Bedrooms | $330K | $359.9K | +9.1% |
| 5+ Bedrooms | $391.2K | $436K | +11.4% |
Summary: Chatham Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Auburn Township | $138.4K | $153K | +10.5% |
| Chatham Township | $265K | $285K | +7.5% |
| Chatham | $265K | $285K | +7.5% |
| Ball Township | $326K | $320K | -1.8% |
Housing Supply in Chatham Township, IL
How many homes are available in Chatham Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 45 | -19.6% |
Summary: The Chatham Township real estate market had 45 homes for sale in October 2024, a 19.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Chatham Township housing inventory by bedroom type for October 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 18.5%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham Township, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Chatham Township in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -4.0% |
Summary: Homes in Chatham Township had an average of 11 days on market in Oct 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chatham Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Chatham Township; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.