Is Chatham Township, NJ 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 Township has remained a Seller's Market.
Housing Prices in Chatham Township, NJ
How much do homes in Chatham Township, NJ cost?
Median Sold Price
$1,060,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chatham Township was $1,060,000 in April 2024, up 9.4% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $410K | +10.8% |
2 Bedrooms | $512.5K | $458K | -10.6% |
3 Bedrooms | $765K | $880K | +15.0% |
4 Bedrooms | $1.1M | $1.3M | +10.2% |
5+ Bedrooms | $1.7M | $2.0M | +13.1% |
Summary: Chatham Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
Chatham Township | $968.5K | $1.0M | +9.4% |
Chatham | $959.5K | $1.0M | +8.4% |
Madison | $849K | $917.5K | +8.1% |
New Providence | $802.5K | $809K | +0.8% |
Housing Supply in Chatham Township, NJ
How many homes are available in Chatham Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 101 | +34.7% |
Summary: The Chatham Township real estate market had 101 homes for sale in April 2024, a 34.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 4 | 10 | +150.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 28 | 34 | +21.4% |
5+ Bedrooms | 26 | 37 | +42.3% |
Summary: The Chatham Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 42.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Chatham Township in April 2024, up by 54.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% 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