What is the median home price in Chatham, Chicago?

The median home price in Chatham is $165,000, down 35% year-over-year. Homes sell in a median of 105 days. The sale-to-list ratio is 96.36%.

How much does it cost to sell a home in Chatham?

On a $165,000 home in Chatham, a traditional agent charges around 3% — about $4,950. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $1,451 while getting MLS listing and expert support.

How long does it take to sell a home in Chatham?

The median home in Chatham spends 105 days on market. 25.64% of listings go pending within two weeks. 59 homes sold recently in this neighborhood.

Is Chatham a good neighborhood to sell in right now?

Chatham had 59 homes sell recently at a median of $165,000. Sellers are getting 96.36% of their asking price. 35.59% of homes sold above list price. Ridley's flat fee means you keep more regardless of market conditions.

National/Illinois/Chicago

Chatham · Chicago, IL

Is Now a Good Time to Sell in Chatham, Chicago?

The median home in Chatham sells for $165,000 with prices down 35% year-over-year. Ridley's flat fee saves you $1,451.

Chatham Real Estate Market Conditions

42out of 100

Ridley Sell Score

How it's scored →

Cooling

42/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Chatham market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Illinois average is 2.9.

Price MomentumFavors buyers

Prices down 35.294117650000004% year-over-year — vs. +8% statewide.

Seller LeverageFavors buyers

Homes selling at 96.36% of asking — buyers are negotiating 3.6% below list. Illinois average is 98.1%.

Bidding ActivityFavors sellers

35.59% of homes selling above list price — 44% above the Illinois average of 24.7%.

Sale SpeedFavors buyers

105 median days on market — 46 days slower than the Illinois average.

Market UrgencyNeutral

25.64% of listings go pending within 2 weeks — vs. 38.4% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Illinois average is 18.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$165,000

-35%

Days on Market

105

Price per Sq Ft

$118

Sale-to-List Ratio

96.36%

Homes Sold

Sold Above List

35.59%

Pending in 2 Weeks

25.64%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Chicago — delivered monthly.

Your savings

How much can you save selling in Chatham?

$0Estimated savings

That covers your moving costs — save 0.9% of your home value

Your Chatham home value

$165,000

$50,000$10M

Traditional Agent (3%)

$4,950

Ridley Pro (flat fee)

$3,499

Ready to sell in Chatham?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Chatham

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$4,950	$3,499	$999
Buyer agent	$4,6202.8% avg	$3,300~2% avg	$3,300~2% avg
Closing costs (~1.5%)	$2,475	$2,475	$2,475
Total cost	$12,045	$9,274	$6,774
You save	—	$1,451	$3,951

Based on the Chatham median home price of $165,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Chatham

A flat fee of $3,499 instead of the typical $4,950 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Chatham market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Chatham buyers look — plus a custom Ridley listing page with AI chat.

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

Close and keep $1,451 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

Get Your Selling Strategy

FAQ

Common questions about selling in Chatham

Ready to sell in Chatham?

Save $1,451

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Explore nearby

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