$10,000 Closing Credit*
$999,000
3 Beds
•2 Full Baths
Listing Office: ELITE REALTORS OF NEW JERSEY
Is Chatham Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Chatham Township was a Seller's Market.
Key Takeaway
Chatham Township 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 Township, NJ
How much do homes in Chatham Township, NJ cost?
Median Sold Price
$1,100,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$101,000(+10.1%)
Key Takeaway
Homes in Chatham Township have sold for 10.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $422.5K | +11.2% |
| 2 Bedrooms | $515K | $464.9K | -9.7% |
| 3 Bedrooms | $799K | $890K | +11.4% |
| 4 Bedrooms | $1.2M | $1.2M | -1.5% |
| 5+ Bedrooms | $2.0M | $2.1M | +6.2% |
Summary: Chatham Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| New Providence | $785K | $888K | +13.1% |
| Madison | $850K | $940K | +10.6% |
| Chatham Township | $999K | $1.1M | +10.1% |
| Chatham | $994.6K | $1.0M | +9.3% |
Housing Supply in Chatham Township, NJ
How many homes are available in Chatham Township, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 74 | 66 | -10.8% |
Summary: The Chatham Township real estate market had 66 homes for sale in September 2024, a 10.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The Chatham Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 32 | 11 | -65.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Chatham Township in September 2024, down by 65.6% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Chatham Township, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.