Chatham Township New Jersey Real Estate Trends: September 2025 Market Report and Lifestyle Guide

A Market Finding Its Balance

The Chatham Township real estate market in September 2025 reflected both strength and selectivity. Prices remain elevated, but activity has slowed as homes spend longer on the market and buyers gain more time to evaluate options. Despite the moderation, values remain among the highest in Morris County, supported by limited supply, enduring buyer demand, and the township’s strong school district. The data shows that homes are still selling well above list price, though with longer days on market compared with earlier in the year.

This report breaks down key metrics, price performance, and what both buyers and sellers can expect heading into fall.

Local Market Snapshot September 2025

Average Listing Price: $1,750,641
Average Sold Price: $1,047,428 (up 11.1% year over year)
Sale Price to List Price Ratio: 103.14%
Homes Sold: 10 in September | 109 year to date (down 11.4% YoY)
Average Days on Market: 79 (up from 57 in August; YTD average 32 vs. 19 last year)
Inventory Level: 16 active listings (down slightly from 18 last year)
Under Contract: 14 listings, averaging 31 days on market

Chatham Township Market by Price Range September 2025

Under $1M
Townhomes and smaller homes remain highly desirable. 14B Heritage Drive sold 1% above ask in ten days, while 212 Riveredge Drive closed 2% over after six days, showing continued strength in this segment.

$1M–$1.5M
Activity remains healthy. 43 Stonewyck Drive sold 2% over ask after 12 days, while 174 Meyersville Road drew multiple offers and sold 8% above list after two weeks.

$1.5M–$2M
Demand is steady but selective. 177 Lafayette Avenue achieved a 6% premium in just 11 days, while similar listings took longer to find buyers, reflecting sensitivity to pricing and updates.

Above $2M
The upper tier is moving at a slower pace. 5 Wickham Way closed at full price after only three days on the market, while other luxury listings are seeing extended timelines, underscoring the importance of accurate positioning and presentation.

What the September 2025 Data Shows

The September 2025 data illustrates a more deliberate but still confident market. Home prices are up 11% year over year, yet the number of transactions has declined by about the same margin. This indicates a shift toward balance rather than weakness. Buyers are exercising greater selectivity, particularly at higher price points, while competitively priced homes under $2M continue to attract multiple offers. Sellers who align pricing and condition with buyer expectations are still achieving strong outcomes.

Chatham’s appeal remains deeply rooted in its top-rated schools, quiet neighborhoods, and proximity to New York City. These enduring fundamentals continue to support housing demand even as market momentum levels off.

Buyer and Seller Insights

For Buyers
● More listings and longer market times offer better negotiating opportunities.
● Well-maintained homes under $2M continue to move quickly, often above asking.
● Buyers in the $2M–$3M range can find value with patient timing and data-driven offers.

For Sellers
● Average sale prices are up 11% from last year.
● Well-maintained homes under $2M continue to move quickly, often above asking.
● Buyers in the $2M–$3M range can find value with patient timing and data-driven offers.

Market Outlook for Fall 2025

As the market moves from September into October 2025, Chatham Township is expected to remain steady with moderate sales volume. Inventory levels are similar to last year, suggesting that supply remains limited despite slower absorption. Homes that blend modern updates with prime locations near top schools continue to command strong attention. Luxury properties above $2.5M may require longer exposure to find the right buyer but remain well positioned for long-term appreciation. Sellers considering a fall listing should take advantage of continued buyer interest before the seasonal slowdown, while buyers can benefit from increased selection and more time to negotiate.

Featured Listings in Chatham Township and Beyond

From renovated Colonials to newer construction estates, this month’s featured homes highlight the range and quality of life that define Chatham Township. Each property offers access to top-ranked schools, local parks, and nearby downtown amenities.

View Featured Listings

About Chatham Township New Jersey

Located in Morris County about 30 miles from Manhattan, Chatham Township combines small-town charm with suburban sophistication. Tree-lined streets, preserved open space, and beautiful neighborhoods make it a favorite for buyers seeking both privacy and convenience.

The township is part of the School District of the Chathams, consistently ranked among the best in New Jersey, which continues to strengthen property values and attract new buyers year after year. Residents enjoy access to nearby shopping and dining in Chatham Borough, Madison, and Summit, along with commuter access via Midtown Direct train service.

Learn more about Chatham here

FAQs on Chatham Township

Q: Are home prices still rising in Chatham Township?
A: Yes, the median sales price is up 15.9% YoY.

Q: Is it a buyer’s or seller’s market?
A: The market is balancing. Sellers still benefit from higher pricing, but buyers have more negotiating room with longer days on market.

Q: What types of homes are selling fastest?
A: Renovated Colonials and homes under $2M are attracting multiple offers and closing quickly.

Q: How long are homes taking to sell?
A: Average DOM is 57 in August, with the YTD average at 33, up 71% from last year

Q: Should I list now or wait?
A: Listing now positions you ahead of seasonal slowdowns and helps capture strong pricing before more competition builds.

Q: Do homes above $2.5M sell quickly?
A: Not always. Some sell within weeks if updated and well located, while others sit on the market for months or longer.

Are You Ready to Make a Move

Whether you are preparing to sell a Chatham Township property, searching for your next home, or planning a move to one of New Jersey’s most desirable towns, The Saritte Harel Team is your trusted partner. Ranked among the Top 5 Realtors in New Jersey and the Top 1.5% nationwide, our team brings the strategy and expertise that deliver results.

Connect with us today to discuss your goals and learn how we can help you succeed in the Chatham Township market .Follow @saritteharelteam on Instagram for exclusive listings, market insights, and local updates.