$1,000,000
0.16 Acres
Land
#73319828, Matthew Burger, Listing Office: Kinlin Grover Compass
Is Chatham, MA 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 Neutral Market.
Key Takeaway
Chatham 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, MA
How much do homes in Chatham, MA cost?
Median Sold Price
$1,187,500
$657/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$200,000(-14.4%)
Key Takeaway
Homes in Chatham have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Chatham was $1,187,500 in November 2024, down 14.4% from last year, and the median price per square foot was $657.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $437.5K | +37.8% |
| 2 Bedrooms | $652K | $733.5K | +12.5% |
| 3 Bedrooms | $1.5M | $1.1M | -24.2% |
| 4 Bedrooms | $1.6M | $1.6M | -1.9% |
| 5+ Bedrooms | $3.0M | $4.1M | +39.9% |
Summary: Chatham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 24.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 39.9%.
Median Sold Price Compared To Nearby Cities
| Harwich | $723.5K | $816.2K | +12.8% |
| Orleans | $1.0M | $1.1M | +2.8% |
| Chatham | $1.3M | $1.1M | -14.4% |
Housing Supply in Chatham, MA
How many homes are available in Chatham, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 55 | -20.3% |
Summary: The Chatham real estate market had 55 homes for sale in November 2024, a 20.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 13 | 5 | -61.5% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
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 13.8%, 4 bedroom homes decreased by 61.5%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Chatham in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 40 Days | -50.1% |
Summary: Homes in Chatham had an average of 40 days on market in Nov 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chatham has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Chatham; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
