Is Chatham County, GA 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 County has remained a Seller's Market.
Key Takeaway
Chatham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatham County, GA
How much do homes in Chatham County, GA cost?
Median Sold Price
$354,152
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chatham County have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Chatham County was $354,152 in March 2024, up 11.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $313.7K | +51.2% |
| 2 Bedrooms | $217.7K | $250K | +14.8% |
| 3 Bedrooms | $289.3K | $319.9K | +10.6% |
| 4 Bedrooms | $394.8K | $413.4K | +4.7% |
| 5+ Bedrooms | $525K | $493.7K | -6.0% |
Summary: Chatham County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Counties
| Chatham County | $317.8K | $354.1K | +11.4% |
| Effingham County | $309.8K | $337.9K | +9.1% |
| Bryan County | $361.1K | $385.6K | +6.8% |
Housing Supply in Chatham County, GA
How many homes are available in Chatham County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,440 | 1,601 | +11.2% |
Summary: The Chatham County real estate market had 1,601 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 52 | +26.8% |
| 2 Bedrooms | 182 | 208 | +14.3% |
| 3 Bedrooms | 664 | 722 | +8.7% |
| 4 Bedrooms | 388 | 426 | +9.8% |
| 5+ Bedrooms | 165 | 193 | +17.0% |
Summary: The Chatham County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 17%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 335 | 370 | +10.4% |
Asking Price vs. Sold Price
172 Homes Were Sold
Under Asking
112 Homes Were Sold
At Asking
83 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham County, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 370 homes were sold or pending in Chatham County in March 2024, up by 10.4% month-over-month. Of the 367 sold homes, 47% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Chatham County, GA
How long does it take to sell a home in Chatham County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -8.2% |
Summary: Homes in Chatham County had an average of 37 days on market in Mar 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chatham County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 370 homes were sold in Chatham County; 7% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.