Is Chatham, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham is a buyer's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Chatham was a Seller's Market.

Key Takeaway

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

How much do homes in Chatham, MA cost?

Median Sold Price

$1,287,500

$620/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$505,000(+64.5%)

Key Takeaway

Homes in Chatham have sold for 64.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $214.8K$229K
+6.6%
2 $510K$650K
+27.5%
3 $755K$1.1M
+55.6%
4 $997.5K$1.9M
+95.4%
5+ $2.1M$1.9M
-8.7%

Median Sold Price Compared To Nearby Cities

South Chatham
+69.2%
Chatham
+64.5%
Harwich
+23.4%
Harwich Port
+15.4%

How many homes are available in Chatham, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
5558+5.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 1110
-9.1%
3 2124
+14.3%
4 1112
+9.1%
5+ 1212
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 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, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
55 Days37 Days-31.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chatham 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, MA

Number of homes for sale in Chatham, MA real estate market have reached 58. In July 2022 in Chatham, MA there were 5.5% more homes for sale than in June 2022. The median list price of listings available in July 2022 was $1,287,500, while the average time on the real estate market was 37 days. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 6.6%, 2 bedrooms properties prices increased by 27.5%, 3 bedrooms properties became 55.6% more expensive, prices of 4 bedrooms properties went up by 95.4%, prices of 5 bedrooms properties went down by 8.7%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 9.1%, number of 3 bedrooms homes increased by 14.3%, 4 bedrooms homes inventory increased by 9.1%, 5 bedrooms homes did not move. Over 1 listings were sold over their listed price in July 2022 in Chatham, MA. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price.

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