Chatham-Kent Real Estate Statistics

Chatham-Kent Real Estate Price Trend
Chatham-Kent real estate average sold price in the last 30 days (May 19 - June 17) was $463,500, which is $48,500 (10.5 %) higher than the average price of $415,000 in the previous 30 day perdiod (April 19 - May 18), and $102,102 (22.0 %) up from the same period 1 year ago ($361,398). Chatham-Kent real estate prices over the last 30 days are also $47,025 (10.1 %) higher than the average selling price of $416,475 over the past year.
Chatham-Kent average sold price for homes was $463,500 in the last 30 days (May 19 - June 17), which is $48,500 (10.5 %) up from the average home price of $415,000 in the previous 30 day perdiod (April 19 - May 18), and $102,102 (22.0 %) higher than the same period 1 year ago ($361,398). In the last 30 days Chatham-Kent the average home price was $43,861 (9.5 %) higher than the average selling price of $419,639 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Chatham-Kent real estate was $463,500 in the last 30 days (May 19 - June 17), which is collectively $6,240 (624,000.0 %) lower than the average asking price of ($1). This represents a decline of $9,973 (267.2 %) compared to $3,733 (0.9 %) Sold-Over-Asking price from the previous 30 day period (April 19 - May 18).
The maximum Sold Over/Under Asking ratio in Chatham-Kent during the last 12 months was recorded in February, 2021 with an average of $39,375 over the asking price, while the minimum occurring in September, 2020 with $67,900 below the asking price.
Sales to New Listings Ratio
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 with 5 properties sold and 7 new properties listed in the past 30 days (May 19 - June 17). This represents an increase from 85.7 % recorded during the previous 30 day period (April 19 - May 18), and an increase from 60.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Chatham-Kent was 250.0 % recorded in November and the lowest was in September at 14.3 %. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 5 properties that were successfully sold in Chatham-Kent in the last 30 days (May 19 - June 17) was 23 days, which is 11 days more than 12 days average in the previous 30 day period (April 19 - May 18) and 65 days shorter than during the same period a year ago (88 days).
There were 2 delisted properties in Chatham-Kent, those that got either Expired, Suspended or Terminated over the last 30 days (May 19 - June 17) with an average of 23 days on the market. This is 23 days shorter than the average of 46 days during the previous 30 day period (April 19 - May 18) and 71 days less compared to the same period last year average of 94 days on the market.
2 Chatham-Kent properties that didn't sell stayed on the market 0.0 % longer than 5 that sucessfully sold over the last 30 days - 23 days when sold vs 23 days when delisted respectively.
Average Days on the Market in Chatham-Kent over the past 12 months for properties that have sold was 34.8 days, with 61.0 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
0 new properties were listed on the market in Chatham-Kent in the last 30 days (May 19 - June 17). During the same time 5 properties were sold and 2 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 7 properties (or ).
During the previous 30 day period (April 19 - May 18) there were 7 new properties listed, 6 sold and 3 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was July with 11 new properties listed, the slowest - November with 2 new listings and a yearly average of 5 new listings per month.
New Real Estate Listings by Property Type
Real Estate Sales by Property Type
There were a total of 5 homes sold during the last 30 days (May 19 - June 17), which is 100.0 % of all properties sold in Chatham-Kent. This is a 16.7 % decline compared with a previous 30 day period (April 19 - May 18) and 16.7 % down from the same period a year ago. Over the past year an average of 5 homes are were sold per month.
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