October 2025 Housing Trends and Local Insight
The Chatham real estate market in October reflects a steady but thoughtful pace. Buyer demand remains consistent, especially for homes that offer updates, neighborhood convenience, and access to the School District of the Chathams. Activity is moving with more consideration than earlier in the year, but well positioned homes continue to perform strongly.
Chatham remains a sought after community for those who value privacy, strong schools, and a quieter residential feel with nearby access to local downtowns, parks, and commuter service into New York City.
How Much Do Homes Cost in Chatham NJ Right Now
Home prices in Chatham remain among the strongest in Morris County, supported by limited supply, strong school performance, and long term buyer confidence.
This month, home sale outcomes varied based on location, condition, and lot size. Updated homes and those in walkable areas saw the strongest engagement, while larger homes on more private lots moved at a steadier pace.
Chatham Township Market Snapshot October 2025
Average Sold Price: approximately 1,562,500
Average List Price of Recent Sales: 1,551,815
Sale to List Price Ratio: 105.94 percent
Average Days on Market for Recent Sales: 48
Active Listings: 17 homes with an average list price of 2,182,598 and 93 days on market
Under Contract: 13 homes with an average list price of 1,552,692 and 36 days on market
Chatham Township continues to attract buyers seeking larger lots, privacy, and expanded living spaces. Movement can be selective at higher price points, especially where updates or renovation may be needed.
Chatham Borough Market Snapshot October 2025
Average Sold Price: approximately 1,754,586
Average List Price of Recent Sales: 1,593,714
Sale to List Price Ratio: 112.59 percent
Average Days on Market for Recent Sales: 19
Active Listings: 6 homes with an average list price of 1,717,483 and 35 days on market
Under Contract: 16 homes with an average list price of 1,395,844 and 21 days on market
Chatham Borough continues to move more quickly, particularly for updated homes near neighborhood amenities and transit.
How Chatham Township and Chatham Borough Differ Right Now
Chatham Township and Chatham Borough share the same school district and community identity, but the pace of the market differs based on setting and lifestyle preferences.
Chatham Township
Known for larger lots and more privacy
Appeals to buyers planning for longer term living and more interior space
Homes are taking about one to two months to go under contract
Updated homes priced under two million continue to perform most consistently
Chatham Borough
Offers walkability and close access to downtown and the train
Attracts buyers who prioritize convenience and daily efficiency
Move in ready homes are contracting in two to four weeks, depending on location and condition
Updated Colonials near town center remain among the most competitive
These micro markets move at different rhythms, but both continue to benefit from the same strong school district, neighborhood stability, and long term desirability.
How Long Does It Take to Sell a Home in Chatham Today
In Chatham Township, well prepared homes typically contract within one to two months depending on price and updates
In Chatham Borough, move in ready homes near town often contract within two to four weeks
Homes needing updates or those priced above two point five million may remain on the market longer, though long term value remains supported by fundamentals.
Chatham Home Prices October 2025 by Price Range
Under One Million
Consistent interest for smaller homes and townhomes with efficient layouts and updates.
One Million to One Point Five Million
Strongest movement this month, particularly for updated interiors and flexible living space.
One Point Five Million to Two Point Five Million
Steady buyer engagement with more selectivity based on layout, privacy, and interior finish.
Above Two Point Five Million
Movement is more measured. Buyers are focused on renovation scope and long term livability.
Chatham Market Trends Year to Date 2025
Compared to last year:
Average sale prices are higher
Days on market are modestly longer due to more thoughtful buyer pacing
Total number of sales is lower, driven by limited inventory rather than declining demand
Neighborhood appeal, school strength, and community continuity continue to support long term stability.
Advice for Chatham Buyers
Touring regularly helps identify value and prepare for timing
Updated homes move fastest, especially in walkable areas
Homes needing work may offer meaningful long term opportunity
Pre approval remains essential for competitive segments
Advice for Chatham Sellers
Presentation and condition remain key in attracting early interest
Pricing aligned with recent neighborhood activity supports stronger outcomes
Homes listed before spring may benefit from reduced seasonal competition
Chatham Housing Market Forecast Into Winter 2025
As the market approaches winter, listing volume may tighten while buyer activity remains steady. Buyers active during this period tend to be serious and prepared, creating potential opportunities for sellers who choose to list before spring.
Chatham NJ Home Prices FAQs
Q: Are home prices still strong in Chatham?
A: Yes. Both Chatham Township and Chatham Borough continue to see strong pricing supported by limited supply, the School District of the Chathams, and long term buyer demand.
Q: How long does it take to sell a home in Chatham right now?
A: In Chatham Borough, move in ready homes near town often go under contract within two to four weeks. In Chatham Township, homes typically sell within one to two months depending on updates and price point.
Q: Which types of homes are getting the most interest this fall?
A: Updated Colonials with flexible living space, natural light, and walkability remain the most competitive. Buyers are prioritizing move in readiness and everyday convenience.
Q: Is now a good time to buy in Chatham?
A: Yes. With a more balanced pace this season, buyers have more time to compare homes and make strategic decisions while still benefiting from long term value stability.
Q: Should sellers wait for spring?
A: Not necessarily. Late fall can be advantageous due to reduced listing competition and motivated buyers who are actively searching before the new year.
Considering a Move in Chatham
If you are thinking about your next step in Chatham, we are here to talk through timing, preparation, and what makes sense for your plans. There is no rush and no pressure. Just clarity, guidance, and a conversation when you are ready.
Feel free to reach out anytime.
Follow along for neighborhood insight and upcoming listings: Instagram: @saritteharelteam
