Is Chatham Arch & Mass. Ave., IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham Arch & Mass. Ave. is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Chatham Arch & Mass. Ave. was a Seller's Market.

Key Takeaway

Chatham Arch & Mass. Ave. is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chatham Arch & Mass. Ave., IN

How much do homes in Chatham Arch & Mass. Ave., IN cost?

Median Sold Price

$387,000

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$36,300(-8.6%)

Key Takeaway

Homes in Chatham Arch & Mass. Ave. have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Chatham Arch & Mass. Ave. was $387,000 in April 2024, down 8.6% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $335K$325K
-3.0%
2 $382.5K$361.2K
-5.6%
3 $744.4K$762.5K
+2.4%
4 -$1.0M
N/A
5+ --
N/A

Summary: Chatham Arch & Mass. Ave. housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

College Corner
+42.7%
Lockerbie Square
+17.9%
Downtown
+3.8%
Chatham Arch & Mass. Ave.
-8.6%

Housing Supply in Chatham Arch & Mass. Ave., IN

How many homes are available in Chatham Arch & Mass. Ave., IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
25250.0%

Summary: The Chatham Arch & Mass. Ave. real estate market had 25 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 1313
0.0%
3 66
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Chatham Arch & Mass. Ave. housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham Arch & Mass. Ave., you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Chatham Arch & Mass. Ave. in April 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chatham Arch & Mass. Ave., IN

How long does it take to sell a home in Chatham Arch & Mass. Ave., IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
4 Days11 Days+175.0%

Summary: Homes in Chatham Arch & Mass. Ave. had an average of 11 days on market in Apr 2024, up by 175% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chatham Arch & Mass. Ave. are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Chatham Arch & Mass. Ave.; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Chatham Arch & Mass. Ave., IN

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