Courtney's NJ Market Insights
Chatham, NJ
Single-Family Homes
Courtney Orlando | 732.921.1825 | https://www.courtneyorlandogroup.com/
Chatham, NJ
Tue Jul 01 2025
This week the median list price for Chatham, NJ is $1,800,000 with the market action index hovering around 65. This is less than last month's market action index of 66. Inventory has held steady at or around 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,800,000 | |
| Median Price of New Listings | $1,799,000 | |
| Per Square Foot | $545 | |
| Average Days on Market | 39 | |
| Median Days on Market | 21 | |
| Price Decreased | 10% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 65 | |
| Strong Seller's Market | ||
Despite this week’s down tic, price trends have been moving up in the last few weeks. We are below the market’s high point. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,181,500 | 7,233 | 0.5 - 1 acre | 6 | 6 | 8 | 1 | 3 | 38 |
| $1,975,000 | 0 | 0.5 - 1 acre | 5 | 4.5 | 50 | 1 | 2 | 21 |
| $1,775,000 | 3,900 | 0.25 - 0.5 acre | 5 | 3.5 | 57 | 3 | 1 | 0 |
| $969,000 | 0 | 6,500 - 8,000 sqft | 4 | 2.5 | 104 | 2 | 2 | 7 |