Is Chatham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chatham has remained a Buyer's Market.
Housing Prices in Chatham, MA
How much do homes in Chatham, MA cost?
Median Sold Price
$1,285,000
$592/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chatham was $1,285,000 in March 2024, up 9.4% from last year, and the median price per square foot was $592.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $320K | N/A |
2 Bedrooms | $675K | $640K | -5.2% |
3 Bedrooms | $1.0M | $1.3M | +19.5% |
4 Bedrooms | $1.7M | $2.0M | +17.3% |
5+ Bedrooms | $2.3M | $3.0M | +30.4% |
Summary: Chatham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
South Chatham | $930K | $1.2M | +30.9% |
Chatham | $1.1M | $1.2M | +9.4% |
Harwich | $696K | $732.5K | +5.2% |
Orleans | $1.2M | $822.5K | -35.5% |
Housing Supply in Chatham, MA
How many homes are available in Chatham, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 60 | +33.3% |
Summary: The Chatham real estate market had 60 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Chatham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chatham in March 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
109 Days | 97 Days | -11.7% |
Summary: Homes in Chatham had an average of 97 days on market in Mar 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Chatham; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.