$7,718 Closing Credit*
$649,900
800 SqFt
2 Beds
•2 Full Baths
#73312251, Dawn Boynton, Listing Office: Berkshire Hathaway HomeServices Robert Paul Properties
Is Chatham, MA 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 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, MA
How much do homes in Chatham, MA cost?
Median Sold Price
$1,200,000
$646/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$225,000(-15.8%)
Key Takeaway
Homes in Chatham have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in Chatham was $1,200,000 in October 2024, down 15.8% from last year, and the median price per square foot was $646.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $330K | +3.9% |
| 2 Bedrooms | $683.5K | $745K | +9.0% |
| 3 Bedrooms | $1.6M | $1.1M | -25.3% |
| 4 Bedrooms | $1.5M | $1.6M | +4.5% |
| 5+ Bedrooms | $3.2M | $4.0M | +22.1% |
Summary: Chatham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 25.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Harwich | $710K | $813K | +14.5% |
| Orleans | $1.0M | $1.0M | -3.2% |
| Chatham | $1.4M | $1.2M | -15.8% |
Housing Supply in Chatham, MA
How many homes are available in Chatham, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 71 | -5.3% |
Summary: The Chatham real estate market had 71 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Chatham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Chatham in October 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Chatham, MA
How long does it take to sell a home in Chatham, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 52 Days | -38.6% |
Summary: Homes in Chatham had an average of 52 days on market in Oct 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 12 homes were sold in Chatham; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
