Is Chatham, IL 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.
Housing Prices in Chatham, IL
How much do homes in Chatham, IL cost?
Median Sold Price
$285,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chatham was $285,000 in April 2024, up 12.9% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $96K | N/A |
2 Bedrooms | $152K | $148.4K | -2.3% |
3 Bedrooms | $223.5K | $230K | +2.9% |
4 Bedrooms | $325.5K | $355.7K | +9.3% |
5+ Bedrooms | $385K | $387K | 0.5% |
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 decreased by 2.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
Chatham Township | $235.5K | $285K | +21.0% |
Chatham | $252.5K | $285K | +12.9% |
Ball Township | $310.2K | $350K | +12.8% |
Housing Supply in Chatham, IL
How many homes are available in Chatham, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Summary: The Chatham real estate market had 67 homes for sale in April 2024, a 15.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 5 | 7 | +40.0% |
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 100%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Chatham in April 2024, up by 58.3% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.
Days on Market for Chatham, IL
How long does it take to sell a home in Chatham, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 48 Days | +32.8% |
Summary: Homes in Chatham had an average of 48 days on market in Apr 2024, up by 32.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Chatham; 79% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.