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Featured local agent — Chatham, NJ
Sarah Mitchell
Compass Real Estate · Chatham, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chatham, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.38Mmedian sale price
How is the Chatham, NJ housing market right now?
The median home sale price in Chatham, NJ is $1.38M, down 8.3% year-over-year. Homes sell in an average of 12 days with 8 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Chatham a buyer's or seller's market?
Chatham, NJ is currently a strong seller's market, based on 0.9 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
12
Fast-moving
Active listings
8
0.9 months supply
Sale-to-list
115.3%
Above asking
What does the Chatham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.38M |
| Median list price | $1.25M |
| Year-over-year price change | -8.3% |
| Average days on market | 12 days |
| Active inventory | 8 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 115.3% |
| Median price per sq ft | $880/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 5 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Chatham by property type?
How the Chatham, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.38M | $880/sq ft | 9 | 12 days |
| Townhouse | $780,000 | $345/sq ft | 1 | 47 days |
Source: Redfin · Updated monthly
The Chatham housing market is currently classified as a strong seller's market with a median sale price of $1.38M. Prices have fallen 8.3% compared to last year, with homes spending an average of 12 days on market, indicating 0.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Chatham
There are currently 8 homes listed for sale in Chatham, New Jersey. The median listing price is $1.2M.
Active listings
8
Homes on market
Median list price
$1.2M
Avg. days on market
12
Days until sale
New this week
5
Newly listed
Who lives in Chatham?
Population
9,219
Median income
$250,001/yr
Median age
37.4 years
Owner-occupied
81.5%
College grads
84.7%
Avg commute
38.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Chatham?
Zillow home value
$1.39M
Zillow rent index
$3,272/mo
Price-to-rent ratio
35.3x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Chatham?
Chatham is a community of approximately 9K residents with a median age of 37.4 years.The median household income is $250,001, which reflects a relatively affluent area with strong earning potential. 84.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 81.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Chatham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Chatham?
6 schools tracked · 3,523 students
The largest public schools serving Chatham, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Chatham High School
Grades 9-12 · 1,216 students
Chatham Middle School
Grades 6-8 · 842 students
Lafayette Avenue School
Grades 4-5 · 494 students
Southern Boulevard School
Grades K-3 · 380 students
Milton Avenue School
Grades PK-3 · 299 students
Washington Avenue School
Grades K-3 · 292 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Chatham, NJ?
Want a head-to-head view? Compare Chatham side-by-side with any other U.S. city using our market-comparison tool.
Is Chatham a good real estate investment market?
For investors evaluating Chatham, the price-to-rent ratio of 35.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 8.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Chatham's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Chatham's median home price.
Frequently asked questions
What is the average home price in Chatham?
The median home sale price in Chatham is $1.38M, down 8.3% from last year.
How long do homes stay on market in Chatham?
Homes typically spend 12 days on market before going under contract.
What is the median income in Chatham?
The median household income is $250,001 per year.
Is Chatham a buyer's or seller's market?
With 0.9 months of supply, Chatham is currently a strong seller's market.
What is the Zillow home value estimate for Chatham?
The Zillow Home Value Index (ZHVI) for Chatham is $1.39M, representing the typical home value in the area.
How much does a single-family home cost in Chatham?
The median single-family home price in Chatham, NJ is $1.38M (about $880 per square foot).
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