***Please note that we pull Chatham NJ home sale prices and stats directly from the GSMLS , and "Original Listing Price" and "Days On Market" is of its current listing, not the full history of a listing. For example,if the listing agent took it off the market to change the price and put it back on as a new listing,or a listing had previously expired and was relisted, the previous listing is not included in gsmls' Original List Price or Days On Market calculations. If you'd like to know the complete history of a specific listing, we'll be happy to get you that information. Furthermore, when we pull comps for you prior to any home purchase, we will provide a more in depth analysis for you. May 2009 Home Sale Prices and Market Stats 
| CHATHAM BORO |
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| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 84 Woodland Rd |
$425,000 |
$375,000 |
$335,000 |
67 |
4 |
1.1 |
Bi-Level |
| 34 Minton Avenue |
$429,900 |
$429,900 |
$395,000 |
12 |
3 |
2 |
CapeCod |
| 104 Center Ave |
$549,000 |
$520,000 |
$485,000 |
159 |
3 |
1 |
Colonial |
| 31 Hedges Ave |
$559,900 |
$545,000 |
$520,000 |
57 |
4 |
2 |
Colonial |
| 60 Watchung Ave |
$549,000 |
$549,000 |
$545,000 |
11 |
3 |
1.1 |
Colonial |
| 119 Weston Ave |
$559,000 |
$559,000 |
$528,000 |
4 |
3 |
1.2 |
SplitLev |
| 15 Vincent Street |
$619,000 |
$599,000 |
$599,000 |
22 |
3 |
1.2 |
Colonial |
| 27 Chatham St |
$599,000 |
$599,000 |
$560,000 |
104 |
3 |
1.1 |
Colonial |
| 67 Washington Ave |
$615,000 |
$615,000 |
$610,000 |
22 |
3 |
2 |
Colonial |
| 10 Elm Pl |
$619,000 |
$619,000 |
$605,000 |
8 |
3 |
1.1 |
Colonial |
| 70 Hedges Ave |
$699,999 |
$699,999 |
$650,000 |
37 |
3 |
3.1 |
Colonial |
| 63 Hedges Ave |
$799,900 |
$799,900 |
$799,000 |
38 |
4 |
2.1 |
Colonial |
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| CHATHAM TOWNSHIP |
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| Address |
Original List Price |
List Price at Sale |
Sale Price |
DOM |
Beds |
Baths |
Style |
| 11D Sentinel |
$319,000 |
$319,000 |
$300,000 |
45 |
1 |
1 |
OneFloor |
| 43 Woodlawn Drive |
$439,000 |
$439,000 |
$420,000 |
92 |
3 |
1 |
CapeCod |
| 197 Southern Blvd. |
$505,000 |
$505,000 |
$489,200 |
29 |
3 |
2 |
CapeCod |
| 222 Shunpike |
$650,000 |
$650,000 |
$630,000 |
42 |
3 |
2.1 |
Colonial |
| 16 Robert Dr |
$848,900 |
$848,900 |
$875,250 |
16 |
4 |
2.1 |
SplitLev |
| 95 Southern Blvd |
$965,000 |
$899,999 |
$872,000 |
71 |
4 |
3.1 |
Colonial |
| 46 Edgewood Road |
$1,525,000 |
$1,475,000 |
$1,360,000 |
85 |
4 |
4.1 |
Colonial |
AVERAGE DAYS ON MARKET:41 AVERAGE LISTING PRICE:$1,088,781
AVERAGE SALE PRICE:$565,341 % SALE PRICE / LIST PRICE:93%
Chatham Home sale Trends May 2008 thru May 2009
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desc |
May |
June |
July |
Aug. |
Sept. |
Oct. |
Nov. |
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Average Listing Price |
$1,129,649 |
$1,118,322 |
$1,163,320 |
$1,158,334 |
$1,176,763 |
$1,101,063 |
$1,075,832 |
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Average Sale Price |
$1,046,045 |
$816,084 |
$808,200 |
$920,982 |
$805,520 |
$1,049,700 |
$963,789 |
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%Sale/ List Price |
97%
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96% |
98% |
97% |
97% |
96% |
94%
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Days on Market |
34 |
55 |
51 |
49 |
84 |
61 |
45 |
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# Active Listings |
199 |
195 |
179 |
165 |
168 |
165 |
194 |
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#Closed Listings |
22 |
24 |
30 |
28 |
15 |
9 |
19 |
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desc |
Dec. |
Jan. |
Feb. |
Mar. |
April |
May 2009 |
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Average Listing Price |
$1,071,039 |
$1,107,695 |
$1,142,163 |
$1,074,066 |
$1,078,399 |
$1,088,781 |
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Average Sale Price |
$789,250 |
$872,250 |
$953,583 |
$697,000 |
$1,000,267 |
$565,341 |
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% Sale Price to List Price Ratio |
94% |
99% |
95% |
95% |
93% |
97%
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Days On Market |
72 |
39 |
91 |
83 |
41 |
45 |
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# of Active Listings |
139 |
141 |
167 |
189 |
203 |
176 |
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# of Closed Listings |
11 |
5 |
6 |
5 |
9 |
13 |
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CHATHAMBORO |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
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# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
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1 |
$319,000 |
$319,000 |
$0 |
$0 |
0 |
0% |
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2 |
$401,500 |
$329,000 |
$429,000 |
$0 |
0 |
0% |
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3 |
$597,519 |
$552,333 |
$485,750 |
$553,000 |
42 |
96% |
|
4 |
$873,614 |
$663,180 |
$864,362 |
$551,333 |
54 |
96% |
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5 |
$1,605,087 |
$1,492,667 |
$1,112,933 |
$0 |
0 |
0% |
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TOWN |
$941,176 |
$776,838 |
$789,106 |
$552,583 |
45 |
96% |
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CHATHAMTWP |
Active Listings |
New Listings |
Under Contract |
Sold Listings |
Average |
SP/LP |
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# Beds |
Avg LP |
Avg LP |
Avg LP |
Avg LP |
DOM |
% |
|
1 |
$298,750 |
$0 |
$304,000 |
$0 |
0 |
0% |
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2 |
$436,975 |
$394,340 |
$474,500 |
$0 |
0 |
0% |
|
3 |
$779,621 |
$688,380 |
$774,000 |
$513,067 |
54 |
97% |
|
4 |
$998,698 |
$992,688 |
$1,191,667 |
$875,250 |
16 |
103% |
|
5 |
$2,084,310 |
$1,674,290 |
$1,239,750 |
$0 |
0 |
0% |
|
TOWN |
$1,159,767 |
$1,056,653 |
$897,944 |
$603,613 |
45 |
99% |
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ALL TOWNS |
$1,088,781 |
$982,416 |
$846,726 |
$565,341 |
45 |
97% |  CLICK BELOW TO VIEW
THE SALES AND STATS
BY MONTH
Data compiled from the GSMLS. Information deemed reliable, but not guaranteed.
If you're interested in a comparative market analysis for your Chatham home, just fill out the form below and Sue will contact you shortly.
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Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.
The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.
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| Q |
During what months of the year do most people move from one home to another?
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| A |
Most moves occur between the months of May and September. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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