Is Chatham County, GA 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 County has remained a Seller's Market.
Housing Prices in Chatham County, GA
How much do homes in Chatham County, GA cost?
Median Sold Price
$355,678
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chatham County was $355,678 in April 2024, up 11.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $311K | +20.1% |
2 Bedrooms | $218K | $250.7K | +15.0% |
3 Bedrooms | $290.4K | $323K | +11.2% |
4 Bedrooms | $396.3K | $415K | +4.7% |
5+ Bedrooms | $519.1K | $499.9K | -3.7% |
Summary: Chatham County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Counties
Chatham County | $319.9K | $355.6K | +11.2% |
Effingham County | $311K | $340K | +9.3% |
Bryan County | $363.8K | $391.2K | +7.6% |
Housing Supply in Chatham County, GA
How many homes are available in Chatham County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,570 | 1,672 | +6.5% |
Summary: The Chatham County real estate market had 1,672 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 49 | 42 | -14.3% |
2 Bedrooms | 201 | 225 | +11.9% |
3 Bedrooms | 708 | 733 | +3.5% |
4 Bedrooms | 422 | 452 | +7.1% |
5+ Bedrooms | 190 | 220 | +15.8% |
Summary: The Chatham County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
376 | 420 | +11.7% |
Asking Price vs. Sold Price
179 Homes Were Sold
Under Asking
127 Homes Were Sold
At Asking
111 Homes Were Sold
Over Asking
Summary: A total of 420 homes were sold or pending in Chatham County in April 2024, up by 11.7% month-over-month. Of the 417 sold homes, 43% were sold under asking, 30% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 29 Days | -15.2% |
Summary: Homes in Chatham County had an average of 29 days on market in Apr 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 420 homes were sold in Chatham County; 7% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.