Chatham First-Time Homebuyer Report for October

Chatham is a neighborhood in Chicago, IL with a median income of $42,602 per household. Besides being less affluent than average, its population is much younger than others with a median age of 44 years. The Chatham market is almost exclusively made up of detached houses, which currently account for 91% of the homes for sale in the area. Heading the list of top schools in the neighborhood is McDade Elementary Classical School.

Price Range

Some of the least expensive homes in Chicago, IL are in Chatham with a median home value of $136,778, while the list prices of available homes is currently at an average of $125,534. In this week's report, the number of homes sold in the Chatham market dropped to 16 over the past 30 days. It marked a decrease of 15.8% from last week's report and a fall below the monthly average.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Chatham:

$135K   $129K   $120K  

Typical Dwelling

The typical dwelling in Chatham is a three-bedroom detached home worth about $129,978. To purchase a similar home, a buyer with good credit and a $25,996 cash down payment could obtain a mortgage with a 3.95% interest rate and a $483 monthly payment. The property tax rate is $16.10 per $1,000 of taxable assessed value.

Get started right now by checking out Chatham homes for sale or reviewing Chatham real estate trends.


Data reported through 10/13/2016

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Coldwell Banker Residential
Snapped 5 homes in this area
Coldwell Banker Residential
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Spartan Residential
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