Is South Chatham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Chatham was a Neutral Market.
Housing Prices in South Chatham, MA
How much do homes in South Chatham, MA cost?
Median Sold Price
$1,217,500
$710/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Chatham was $1,217,500 in March 2024, up 30.9% from last year, and the median price per square foot was $710.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $715K | $830K | +16.1% |
3 Bedrooms | $1.7M | $1.5M | -11.5% |
4 Bedrooms | $475K | $859.5K | +80.9% |
5+ Bedrooms | $900K | - | N/A |
Summary: South 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 increased by 16.1%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 80.9%, and 5+ bedroom homes did not change.
Housing Supply in South Chatham, MA
How many homes are available in South Chatham, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Summary: The South Chatham real estate market had 13 homes for sale in March 2024, a 44.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Chatham 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 increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
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 South Chatham in March 2024, up by 100.0% month-over-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 South Chatham, MA
How long does it take to sell a home in South Chatham, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 97 Days | +27.6% |
Summary: Homes in South Chatham had an average of 97 days on market in Mar 2024, up by 27.6% 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 South 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.