Chatham home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Chatham rose by $34,200 while total sales decreased by 22.2%, according to BlockShopper.com.

From July through September of 2020, there were 42 homes sold, with a median sale price of $174,950 - a 24.3% increase over the $140,750 median sale price for the same period of the previous year. There were 54 homes sold in Chatham in the third quarter of 2019.

The median sales tax in Chatham for the most recent year with available data, 2018, was $3,468, approximately 2% of the median home sale price for the third quarter of 2020.

The following table compares Chatham to other Sangamon County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Pawnee415-73.3%$207,450$103,000101.4%
Rochester2127-22.2%$185,000$195,000-5.1%
Pleasant Plains319-84.2%$182,000$149,00022.1%
Chatham4254-22.2%$174,950$140,75024.3%
Sherman719-63.2%$167,500$230,000-27.2%
New Berlin68-25%$136,250$158,500-14%
Buffalo23-33.3%$132,450$83,90057.9%
Dawson34-25%$129,900$147,400-11.9%
Auburn19190%$124,000$139,900-11.4%
Mechanicsburg41300%$120,800$95,00027.2%
Cantrall23-33.3%$114,100$137,900-17.3%

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