Is Chatham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chatham has remained a Seller's Market.
Key Takeaway
Chatham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatham, MA
How much do homes in Chatham, MA cost?
Median Sold Price
$1,340,000
$605/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chatham have sold for 14% more than they did a year ago.
Summary: The median home sold price in Chatham was $1,340,000 in April 2024, up 14% from last year, and the median price per square foot was $605.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $320K | N/A |
| 2 Bedrooms | $650K | $760K | +16.9% |
| 3 Bedrooms | $1.3M | $1.3M | -3.3% |
| 4 Bedrooms | $1.6M | $1.9M | +20.8% |
| 5+ Bedrooms | $3.2M | $2.5M | -20.3% |
Summary: Chatham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Cities
| Chatham | $1.1M | $1.3M | +14.0% |
| Harwich | $710.5K | $727K | +2.3% |
| North Chatham | $1.7M | $1.4M | -15.3% |
| Orleans | $1.2M | $896K | -29.7% |
Housing Supply in Chatham, MA
How many homes are available in Chatham, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 64 | +6.7% |
Summary: The Chatham real estate market had 64 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Chatham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Chatham in April 2024, up by 200.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 44 Days | -23.4% |
Summary: Homes in Chatham had an average of 44 days on market in Apr 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chatham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Chatham; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
