$10,000 Closing Credit*
$995,000
2,188 SqFt
4 Beds
•2 Full Baths
#73289289, Chris Rhinesmith, Listing Office: Compass
Is Chatham, MA 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 has remained a Neutral Market.
Key Takeaway
Chatham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chatham, MA
How much do homes in Chatham, MA cost?
Median Sold Price
$1,200,000
$637/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$300,000(-20.0%)
Key Takeaway
Homes in Chatham have sold for 20% less than they did a year ago.
Summary: The median home sold price in Chatham was $1,200,000 in August 2024, down 20% from last year, and the median price per square foot was $637.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $757.5K | $703.5K | -7.1% |
| 3 Bedrooms | $1.5M | $1.2M | -19.0% |
| 4 Bedrooms | $1.5M | $2.0M | +29.0% |
| 5+ Bedrooms | $3.2M | $3.8M | +16.0% |
Summary: Chatham 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 decreased by 7.1%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Harwich | $698K | $795K | +13.9% |
| North Chatham | $1.6M | $1.3M | -18.1% |
| Chatham | $1.5M | $1.2M | -20.0% |
| Orleans | $1.2M | $923K | -26.7% |
Housing Supply in Chatham, MA
How many homes are available in Chatham, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 69 | 75 | +8.7% |
Summary: The Chatham real estate market had 75 homes for sale in August 2024, a 8.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Chatham housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chatham in August 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Chatham, MA
How long does it take to sell a home in Chatham, MA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 56 Days | 53 Days | -5.0% |
Summary: Homes in Chatham had an average of 53 days on market in Aug 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chatham are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 11 homes were sold in Chatham; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
