Is South Chatham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, South Chatham was a Buyer's Market.
Key Takeaway
South Chatham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Chatham, MA
How much do homes in South Chatham, MA cost?
Median Sold Price
$1,040,000
$702/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in South Chatham have sold for 7.6% less than they did a month ago.
Summary: The median home sold price in South Chatham was $1,040,000 in May 2024, down 7.6% from last month, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $419.9K | N/A |
| 3 Bedrooms | $850K | $1.2M | +41.2% |
| 4 Bedrooms | $1.4M | $867.5K | -38.0% |
| 5+ Bedrooms | - | $1.5M | N/A |
Summary: South Chatham housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 38%, and 5+ bedroom homes did not change.
Housing Supply in South Chatham, MA
How many homes are available in South Chatham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The South Chatham real estate market had 16 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Chatham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Chatham, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in South Chatham in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for South Chatham, MA
How long does it take to sell a home in South Chatham, MA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 21 Days | -43.5% |
Summary: Homes in South Chatham had an average of 21 days on market in May 2024, down by 43.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Chatham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in South Chatham; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
