Is Chatham Arch & Mass. Ave., IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chatham Arch & Mass. Ave. was a Seller's Market.
Housing Prices in Chatham Arch & Mass. Ave., IN
How much do homes in Chatham Arch & Mass. Ave., IN cost?
Median Sold Price
$400,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chatham Arch & Mass. Ave. was $400,000 in May 2024, down 6.2% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392.2K | $325K | -17.1% |
2 Bedrooms | $383K | $377.7K | -1.4% |
3 Bedrooms | $859.5K | $762.5K | -11.3% |
4 Bedrooms | - | $1.0M | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Chatham Arch & Mass. Ave. housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Lockerbie Square | $410K | $445K | +8.5% |
Downtown | $355K | $385K | +8.5% |
Chatham Arch & Mass. Ave. | $426.6K | $400K | -6.2% |
Housing Supply in Chatham Arch & Mass. Ave., IN
How many homes are available in Chatham Arch & Mass. Ave., IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Summary: The Chatham Arch & Mass. Ave. real estate market had 32 homes for sale in May 2024, a 39.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chatham Arch & Mass. Ave. housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chatham Arch & Mass. Ave. in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 53 Days | -31.0% |
Summary: Homes in Chatham Arch & Mass. Ave. had an average of 53 days on market in May 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Chatham Arch & Mass. Ave.; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.