Chatham-Kent Real Estate Statistics

Chatham-Kent real estate average sold price in the last 30 days (March 25 - April 23) was $441,514, which is $142,211 (32.2%) lower than the average price of $583,725 in the previous 30 day period (February 24 - March 24), and $141,514 (32.1%) up from the same period 1 year ago ($300,000). Chatham-Kent real estate prices over the last 30 days are also $60,498 (13.7%) lower than the average selling price of $502,012 over the past year.

Chatham-Kent average sold price for homes was $459,654 in the last 30 days (March 25 - April 23), which is $124,071 (27.0%) down from the average home price of $583,725 in the previous 30 day period (February 24 - March 24), and $159,654 (34.7%) higher than the same period 1 year ago ($300,000). In the last 30 days Chatham-Kent the average home price was $66,953 (14.6%) lower than the average selling price of $526,607 over the last 12 months.

Average selling price for Chatham-Kent real estate was $441,514 in the last 30 days (March 25 - April 23), which is collectively $12,582 (1.5%) lower than the average asking price of $814,530. This represents an increase of $11,405 (47.5%) compared to $23,987 (3.1%) Sold-Under-Asking price from the previous 30 day period (February 24 - March 24).

The maximum Sold Over/Under Asking ratio in Chatham-Kent during the last 12 months was recorded in November, 2023 with an average of $23,100 over the asking price, while the minimum occurring in September, 2023 with $25,279 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Chatham-Kent was 280.0% with 28 properties sold and 12 new properties listed in the past 30 days (March 25 - April 23). This represents an increase from 66.7% recorded during the previous 30 day period (February 24 - March 24), and an increase from 8.3% compared to the same period one year ago.

Over the the last year the highest SNLR in Chatham-Kent was 2,341.7% recorded in February and the lowest was in April at 7.7%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 28 properties that were successfully sold in Chatham-Kent in the last 30 days (March 25 - April 23) was 49 days, which is 10 days less than 59 days average in the previous 30 day period (February 24 - March 24) and 93 days shorter than during the same period a year ago (142 days).

There were 31 delisted properties in Chatham-Kent, those that got either Expired, Suspended or Terminated over the last 30 days (March 25 - April 23) with an average of 72 days on the market. This is 41 days shorter than the average of 113 days during the previous 30 day period (February 24 - March 24) and 31 days less compared to the same period last year average of 103 days on the market.

31 Chatham-Kent properties that didn't sell stayed on the market 46.9% longer than 28 that sucessfully sold over the last 30 days - 49 days when sold vs 72 days when delisted respectively.

Average Days on the Market in Chatham-Kent over the past 12 months for properties that have sold was 57.9 days, with 86.7 days for those properties that did not sell.

10 new properties were listed on the market in Chatham-Kent in the last 30 days (March 25 - April 23). During the same time 28 properties were sold and 31 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 49 properties (or 490.0%).

During the previous 30 day period (February 24 - March 24) there were 12 new properties listed, 8 sold and 79 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 23 new properties listed, the slowest - December with 4 new listings and a yearly average of 13 new listings per month.

There were a total of 10 homes listed during the last 30 days (March 25 - April 23), which is 100.0% of all properties listed in Chatham-Kent. This is a 16.7% decline compared with a previous 30 day period (February 24 - March 24) and 16.7% down from the same period a year ago. Over the past year an average of 12 homes are were listed per month.

There were a total of 22 homes sold during the last 30 days (March 25 - April 23), which is 78.6% of all properties sold in Chatham-Kent. This is a 175.0% increase compared with a previous 30 day period (February 24 - March 24) and 2,100.0% up from the same period a year ago. Over the past year an average of 22 homes are were sold per month.