Is Chatham County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Chatham County has remained a Seller's Market.

Key Takeaway

Chatham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Chatham County, GA cost?

Median Sold Price

$305,405

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$40,394(+15.2%)

Key Takeaway

Homes in Chatham County have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $205K$212K
+3.4%
2 $175K$200.6K
+14.6%
3 $234.2K$275K
+17.4%
4 $313K$379.2K
+21.2%
5+ $430K$490K
+14.0%

Median Sold Price Compared To Nearby Counties

Bryan County
+20.3%
Effingham County
+16.9%
Chatham County
+15.2%

How many homes are available in Chatham County, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
1,4181,414-0.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 2729
+7.4%
2 182196
+7.7%
3 677655
-3.2%
4 382385
+0.8%
5+ 150149
-0.7%

Number of Homes Sold

Sep 2022Oct 2022%
382377-1.3%

Asking Price vs. Sold Price

155 Homes Were Sold
Under Asking

106 Homes Were Sold
At Asking

116 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham County, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
13 Days38 Days+179.4%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

8 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 County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Chatham County, GA

There are 1,414 homes are for sale in Chatham County, GA real estate market. The inventory of homes for sale in Chatham County, GA between September 2022 and October 2022 decreased by 0.3%. Listings spent 38 days on the market in October 2022, and had a median list price of $305,405 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 3.4%, 2 bedrooms properties became 14.6% more expensive, 3 bedrooms properties prices increased by 17.4%, the cost of 4 bedrooms properties went up by 21.2%, 5 bedrooms properties became 14% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 7.4%, 2 bedrooms homes inventory increased by 7.7%, volume of 3 bedrooms homes went down by 3.2%, number of 4 bedrooms homes increased by 0.8%, volume of 5 bedrooms homes went down by 0.7%. Over 116 listings were sold over their listed price in October 2022 in Chatham County, GA. In the same period over 155 listings were sold below the listed price and 106 listings were sold for the listed price.

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