Is Chatham Arch & Mass. Ave., IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham Arch & Mass. Ave. is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, Chatham Arch & Mass. Ave. has remained a Neutral Market.

Key Takeaway

Chatham Arch & Mass. Ave. 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 Arch & Mass. Ave., IN

How much do homes in Chatham Arch & Mass. Ave., IN cost?

Median Sold Price

$388,200

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,200(+0.8%)

Key Takeaway

Homes in Chatham Arch & Mass. Ave. have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Chatham Arch & Mass. Ave. was $388,200 in November 2024, up 0.8% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $335K$314K
-6.3%
2 $375K$357.5K
-4.7%
3 $860K$743.7K
-13.5%
4 -$1.5M
N/A
5+ -$950K
N/A

Summary: Chatham Arch & Mass. Ave. housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Chatham Arch & Mass. Ave.
+0.8%
Downtown
-4.9%
Lockerbie Square
-5.8%

Housing Supply in Chatham Arch & Mass. Ave., IN

How many homes are available in Chatham Arch & Mass. Ave., IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
26260.0%

Summary: The Chatham Arch & Mass. Ave. real estate market had 26 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1110
-9.1%
3 1212
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Chatham Arch & Mass. Ave. housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham Arch & Mass. Ave., you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Chatham Arch & Mass. Ave. in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Chatham Arch & Mass. Ave., IN

How long does it take to sell a home in Chatham Arch & Mass. Ave., IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
283 Days33 Days-88.4%

Summary: Homes in Chatham Arch & Mass. Ave. had an average of 33 days on market in Nov 2024, down by 88.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chatham Arch & Mass. Ave. are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Chatham Arch & Mass. Ave.; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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