Is Chatham Arch & Mass. Ave., IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham Arch & Mass. Ave. is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Chatham Arch & Mass. Ave. was a Seller's Market.

Key Takeaway

Chatham Arch & Mass. Ave. is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$26,600(-6.2%)

Key Takeaway

Homes in Chatham Arch & Mass. Ave. have sold for 6.2% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $392.2K$325K
-17.1%
2 $383K$377.7K
-1.4%
3 $859.5K$762.5K
-11.3%
4 -$1.0M
N/A
5+ --
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
+8.5%
Downtown
+8.5%
Chatham Arch & Mass. Ave.
-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 2024May 2024CHANGE
2332+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

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 1318
+38.5%
3 58
+60.0%
4 11
0.0%
5+ 11
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 2024May 2024CHANGE
13+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham Arch & Mass. Ave., you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
77 Days53 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chatham Arch & Mass. Ave. are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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