Photo: User:Visviva · CC BY-SA 4.0209 homes sold in Chatham in the last year, at a typical $311K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Chatham homes are listed.
Every place Chatham homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Chatham.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
6% of Chatham’s sales are condos, at $122K less than a house
190 houses and 12 condos sold in the year to May 2026. Condos sell faster and draw more bidding wars.
typical sale · 190 sold in 12 months
- Per square foot
- $137IL $180
- Days to sell
- 16
- Sold over asking
- 34%
- Listings with a price cut
- 28%
typical sale · 12 sold in 12 months
- Per square foot
- $147IL $251
- Days to sell
- 11
- Sold over asking
- 50%
Multi-family (2–4 units): 1 sold, typical $310K
Townhouses: 6 sold, typical $497K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.5 times the 2016 price
209 sales in the last year, against 339 in 2020 and a low of 210 in 2023. The typical sale went from $201K in 2016 to $311K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Chatham
Check a listing against what Chatham homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Chatham are more common than before the pandemic, but 82% fewer homes come up for sale
We read every month of Chatham’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 209 sales.
If you’re buying in Chatham
- Shop in March. It brings about 25 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- Bid near asking. Buyers paid 100.9% of the list price on average; 34% paid over.
- Move fast on good ones. 57% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 31 a month), but August is the most competitive: 29% of August sales close over asking. December has the least competition (15%) but only about 10 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Illinois as a whole
| Chatham now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 34% | 7% | 46% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 57% | 4% | 3% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 26% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 100.9% | 97.6% | 100.9% | 99.2% |
| Days to sellMedian days from listing to contract | 16 | 92 | 55 | 49 |
19 homes for sale on a typical day
That’s 82% fewer than in 2017–19 and well under 2017’s 118.
1 in 4 listings has cut its price
26% in the last year, against — in 2017–19 and 19% across Illinois.
Since 2019, houses are up 54%, condos 42%
A house typically sold for $318K in the last year (190 sales), a condo for $196K (12).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Chatham ranks 210th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Chatham is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Chatham home costs about $2,141 a month
Price: Chatham’s typical sale, last 12 months. Property tax at Chatham’s 2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Chatham is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 10.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $311K home, about $6,220 a year.
Taxes vs. neighborsSchools
The schools grade for Chatham, from test results, graduation and how much students grow.
Schools in ChathamCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Southern View, Jerome, Leland Grove, Auburn, Pawnee and Springfield sell for less a square foot
The busier markets within 25 miles of Chatham, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Springfield | 1,513 | $187K | $111 | 35% | 12 |
| Chatham | 209 | $311K | $139 | 34% | 16 |
| Auburn | 50 | $157K | $114 | 26% | 17 |
| Jerome | 43 | $168K | $110 | 40% | 25 |
| Southern View | 31 | $130K | $112 | 39% | 10 |
| Pawnee | 29 | $189K | $114 | 10% | 84 |
| Leland Grove | 26 | $359K | $123 | 35% | 18 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Chatham, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Chatham. People who follow the town see it, and so do people comparing Chatham with their own town. No commission, no listing fee.
Questions about buying a home in Chatham
What do homes sell for in Chatham, IL?
209 homes sold in the year to May 2026 at a typical $311K, $139 a square foot. Houses sold for about $318K, condos for about $196K.
Is Chatham a buyer’s or seller’s market?
A seller’s market: 17 homes were for sale in May 2026 and 31 sold, about 0.5 months of supply. Buyers paid 100.9% of asking on average, and 26% of listings cut their price.
When is the best time to buy in Chatham?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Chatham?
About 2% of a home’s value a year. On a $311K home that’s near $6,220.
Where can I see homes for sale in Chatham?
Zillow, Redfin, Realtor.com and Homes.com all carry Chatham’s MLS listings; the search links above open each one filtered to Chatham.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).