Chatham-Kent Real Estate Statistics

Chatham-Kent real estate average sold price in the last 30 days (January 21 - February 19) was $401,847, which is $18,844 (4.7%) higher than the average price of $383,003 in the previous 30 day period (December 22 - January 20), and $39,275 (9.8%) up from the same period 1 year ago ($362,572). Chatham-Kent real estate prices over the last 30 days are also $8,827 (2.2%) lower than the average selling price of $410,674 over the past year.

Chatham-Kent average sold price for homes was $442,655 in the last 30 days (January 21 - February 19), which is $25,196 (5.7%) up from the average home price of $417,459 in the previous 30 day period (December 22 - January 20), and $32,720 (7.4%) higher than the same period 1 year ago ($409,935). In the last 30 days Chatham-Kent the average home price was $14,394 (3.3%) lower than the average selling price of $457,049 over the last 12 months.

Average Chatham-Kent condo sold price over the last 30 days (January 21 - February 19) was $157,000. During this period it was $36,500 (23.2%) down from the average price of condo of $193,500 during the previous 30 days (December 22 - January 20), and $39,984 (25.5%) higher compared to the same period 1 year ago ($117,016). In the last 30 days Chatham-Kent the average condo price was $58,588 (37.3%) higher than the average selling price of $98,412 over the last year.

Average selling price for Chatham-Kent real estate was $401,847 in the last 30 days (January 21 - February 19), which is collectively $12,095 (2.1%) lower than the average asking price of $583,632. This represents an increase of $230,097 (95.0%) compared to $242,192 (34.9%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Chatham-Kent during the last 12 months was recorded in May, 2024 with an average of $3,363 under the asking price, while the minimum occurring in January, 2025 with $187,358 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 28.0% with 7 properties sold and 19 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 68.4% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 3,225.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Chatham-Kent was 135.7% recorded in June and the lowest was in August at 17.6%. 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 7 properties that were successfully sold in Chatham-Kent in the last 30 days (January 21 - February 19) was 54 days, which is 25 days less than 79 days average in the previous 30 day period (December 22 - January 20) and 20 days longer than during the same period a year ago (34 days).

There were 23 delisted properties in Chatham-Kent, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 83 days on the market. This is 17 days shorter than the average of 100 days during the previous 30 day period (December 22 - January 20) and 26 days more compared to the same period last year average of 57 days on the market.

23 Chatham-Kent properties that didn't sell stayed on the market 53.7% longer than 7 that sucessfully sold over the last 30 days - 54 days when sold vs 83 days when delisted respectively.

Average Days on the Market in Chatham-Kent over the past 12 months for properties that have sold was 58.9 days, with 94.0 days for those properties that did not sell.

25 new properties were listed on the market in Chatham-Kent in the last 30 days (January 21 - February 19). During the same time 7 properties were sold and 23 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 5 properties (or 20.0%).

During the previous 30 day period (December 22 - January 20) there were 19 new properties listed, 13 sold and 47 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 31 new properties listed, the slowest - December with 8 new listings and a yearly average of 23 new listings per month.

There were a total of 24 homes listed during the last 30 days (January 21 - February 19), which is 96.0% of all properties listed in Chatham-Kent. This is a 33.3% increase compared with a previous 30 day period (December 22 - January 20) and 242.9% up from the same period a year ago. Over the past year an average of 21 homes are were listed per month.

There were a total of 6 homes sold during the last 30 days (January 21 - February 19), which is 85.7% of all properties sold in Chatham-Kent. This is a 45.5% decline compared with a previous 30 day period (December 22 - January 20) and 97.1% down from the same period a year ago. Over the past year an average of 9 homes are were sold per month.

1 condo units were sold in the last 30 days (January 21 - February 19) in Chatham-Kent, which represents 14.3% of all sold properties. This is down 50.0% from the prior 30 day period (December 22 - January 20) and 83.3% less compared to the same period last year. There were 2 condos sold per month on average during the last 12 months.