$2,316 Closing Credit*
$195,000
1,733 SqFt
4 Beds
•2 Full Baths
Michael McGee, Listing Office: Sangamon Property Group, LLC
Is Chatham Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Chatham Township has remained a Seller's Market.
Key Takeaway
Chatham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatham Township, IL
How much do homes in Chatham Township, IL cost?
Median Sold Price
$285,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$25,000(+9.6%)
Key Takeaway
Homes in Chatham Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Chatham Township was $285,000 in August 2024, up 9.6% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $96K | N/A |
| 2 Bedrooms | $159.2K | $170K | +6.8% |
| 3 Bedrooms | $219K | $252.5K | +15.3% |
| 4 Bedrooms | $325K | $360K | +10.8% |
| 5+ Bedrooms | $380K | $432.5K | +13.8% |
Summary: Chatham Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Auburn Township | $135K | $151K | +11.9% |
| Chatham Township | $260K | $285K | +9.6% |
| Chatham | $260K | $285K | +9.6% |
| Ball Township | $325K | $309K | -4.9% |
| Curran Township | $365K | $285K | -21.9% |
Housing Supply in Chatham Township, IL
How many homes are available in Chatham Township, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Summary: The Chatham Township real estate market had 60 homes for sale in August 2024, a 11.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 24 | 18 | -25.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Chatham Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Chatham Township in August 2024, up by 5.0% month-over-month. Of the 21 sold homes, 10% were sold under asking, 33% were sold at asking, and 57% were sold over asking.
Days on Market for Chatham Township, IL
How long does it take to sell a home in Chatham Township, IL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 21 Days | 15 Days | -27.2% |
Summary: Homes in Chatham Township had an average of 15 days on market in Aug 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chatham Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 21 homes were sold in Chatham Township; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.