Is East Chatham, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Chatham is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, East Chatham was a Neutral Market.

Key Takeaway

East Chatham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Chatham, NY

How much do homes in East Chatham, NY cost?

Median Sold Price

$752,500

$278/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$249,137(+49.5%)

Key Takeaway

Homes in East Chatham have sold for 49.5% more than they did a month ago.

Summary: The median home sold price in East Chatham was $752,500 in December 2024, up 49.5% from last month, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $560K$255K
-54.5%
3 --
N/A
4 $446.7K-
N/A
5+ -$1.2M
N/A

Summary: East Chatham housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 54.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Canaan
+125.3%
Old Chatham
+73.8%
East Chatham
+49.5%

Housing Supply in East Chatham, NY

How many homes are available in East Chatham, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1217+41.7%

Summary: The East Chatham real estate market had 17 homes for sale in December 2024, a 41.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 23
+50.0%
4 69
+50.0%
5+ 22
0.0%

Summary: The East Chatham housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 East Chatham, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in East Chatham in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for East Chatham, NY

How long does it take to sell a home in East Chatham, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
69 Days46 Days-32.6%

Summary: Homes in East Chatham had an average of 46 days on market in Dec 2024, down by 32.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Chatham are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in East Chatham; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in East Chatham, NY

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