Chatham-Kent Real Estate Statistics

Chatham-Kent real estate average sold price in the last 30 days (August 25 - September 23) was $488,625, which is $292 (0.1%) higher than the average price of $488,333 in the previous 30 day period (July 26 - August 24), and $203,292 (41.6%) up from the same period 1 year ago ($285,333). Chatham-Kent real estate prices over the last 30 days are also $116,132 (23.8%) higher than the average selling price of $372,493 over the past year.

Chatham-Kent average sold price for homes was $488,625 in the last 30 days (August 25 - September 23), which is $83,517 (17.1%) down from the average home price of $572,142 in the previous 30 day period (July 26 - August 24), and $143,125 (29.3%) higher than the same period 1 year ago ($345,500). In the last 30 days Chatham-Kent the average home price was $88,142 (18.0%) higher than the average selling price of $400,483 over the last 12 months.

Average selling price for Chatham-Kent real estate was $488,625 in the last 30 days (August 25 - September 23), which is collectively $39,124 (6.1%) lower than the average asking price of $638,557. This represents a decline of $47,168 (586.4%) compared to $8,044 (1.2%) Sold-Over-Asking price from the previous 30 day period (July 26 - August 24).

The maximum Sold Over/Under Asking ratio in Chatham-Kent during the last 12 months was recorded in July, 2023 with an average of $21,880 over the asking price, while the minimum occurring in October, 2022 with $83,725 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 22.2% with 4 properties sold and 17 new properties listed in the past 30 days (August 25 - September 23). This represents a decrease from 52.9% recorded during the previous 30 day period (July 26 - August 24), and a decrease from 33.3% compared to the same period one year ago.

Over the the last year the highest SNLR in Chatham-Kent was 62.5% recorded in July and the lowest was in January at 0.0%. 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 4 properties that were successfully sold in Chatham-Kent in the last 30 days (August 25 - September 23) was 104 days, which is 88 days more than 16 days average in the previous 30 day period (July 26 - August 24) and 83 days longer than during the same period a year ago (21 days).

There were 17 delisted properties in Chatham-Kent, those that got either Expired, Suspended or Terminated over the last 30 days (August 25 - September 23) with an average of 76 days on the market. This is 9 days longer than the average of 67 days during the previous 30 day period (July 26 - August 24) and 9 days less compared to the same period last year average of 85 days on the market.

17 Chatham-Kent properties that didn't sell stayed on the market 26.9% longer than 4 that sucessfully sold over the last 30 days - 104 days when sold vs 76 days when delisted respectively.

Average Days on the Market in Chatham-Kent over the past 12 months for properties that have sold was 34.4 days, with 80.8 days for those properties that did not sell.

18 new properties were listed on the market in Chatham-Kent in the last 30 days (August 25 - September 23). During the same time 4 properties were sold and 17 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 3 properties (or 16.7%).

During the previous 30 day period (July 26 - August 24) there were 17 new properties listed, 9 sold and 16 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 - November with 5 new listings and a yearly average of 13 new listings per month.

There were a total of 18 homes listed during the last 30 days (August 25 - September 23), which is 100.0% of all properties listed in Chatham-Kent. This is a 12.5% increase compared with a previous 30 day period (July 26 - August 24) and 100.0% up from the same period a year ago. Over the past year an average of 13 homes are were listed per month.

There were a total of 4 homes sold during the last 30 days (August 25 - September 23), which is 100.0% of all properties sold in Chatham-Kent. This is a 42.9% decline compared with a previous 30 day period (July 26 - August 24) and 100.0% up from the same period a year ago. Over the past year an average of 3 homes are were sold per month.