Is Chatham Arch & Mass. Ave., IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham Arch & Mass. Ave. is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Chatham Arch & Mass. Ave. was a Buyer's Market.

Key Takeaway

Chatham Arch & Mass. Ave. is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chatham Arch & Mass. Ave., IN

How much do homes in Chatham Arch & Mass. Ave., IN cost?

Median Sold Price

$383,000

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$43,600(-10.2%)

Key Takeaway

Homes in Chatham Arch & Mass. Ave. have sold for 10.2% less than they did a year ago.

Summary: The median home sold price in Chatham Arch & Mass. Ave. was $383,000 in March 2024, down 10.2% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $280K$335K
+19.6%
2 $385K$372.5K
-3.2%
3 $747.2K$762.5K
+2.0%
4 -$1.0M
N/A
5+ --
N/A

Summary: Chatham Arch & Mass. Ave. housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

College Corner
+47.6%
Lockerbie Square
+27.4%
Downtown
+3.1%
Chatham Arch & Mass. Ave.
-10.2%

Housing Supply in Chatham Arch & Mass. Ave., IN

How many homes are available in Chatham Arch & Mass. Ave., IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2726-3.7%

Summary: The Chatham Arch & Mass. Ave. real estate market had 26 homes for sale in March 2024, a 3.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 44
0.0%
2 1414
0.0%
3 66
0.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Chatham Arch & Mass. Ave. housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham Arch & Mass. Ave., you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Chatham Arch & Mass. Ave. in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Chatham Arch & Mass. Ave., IN

How long does it take to sell a home in Chatham Arch & Mass. Ave., IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
26 Days32 Days+25.0%

Summary: Homes in Chatham Arch & Mass. Ave. had an average of 32 days on market in Mar 2024, up by 25% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chatham Arch & Mass. Ave. are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Chatham Arch & Mass. Ave.; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 26 Days Ago

Newest Listings in Chatham Arch & Mass. Ave., IN

Nearby Markets to Chatham Arch & Mass. Ave., IN