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Market Intelligence · IL / Sangamon County

Chatham, IL home prices and housing market

1 ZIP market liveData updated September 2026Typical value$307K1-yr changeUp6.7%

The typical home value in Chatham, IL is $307K as of September 2026, up 6.7% from a year ago, based on the Zillow Home Value Index. In the typical Chatham ZIP code, the median list price is $384K and homes spend a median of 42 days on market as of September 2026 (Realtor.com).

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The coverage

Chatham, by the numbers.

Typical home valueZillow ZHVI, September 2026
$307K
1-yr changeMedian across Chatham ZIPs
+6.7%
ZIP markets live
1
County
Sangamon County

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12-month value trend

+6.7% over 12 months

Typical home value in Chatham over the last 12 months: $288K in Sep 2025 to $307K in Sep 2026 (+6.7%).

Sep 2025$288K

Sep 2026$307K

Median Zillow home value index across Chatham's ZIP codes.

Context

In Chatham, Illinois, the typical home value has reached $307,432 as of September 2026, reflecting a 6.7% increase over the past year. The market currently has 29 homes for sale with a median list price of $384,450. New listings number 20, while the median time homes spend on the market is 42 days. About 14.8% of listings have received a price cut. For homeowners weighing a sale, conditions are relatively balanced, but the moderate inventory and reasonable time on market suggest this is neither a strong seller's market nor a struggling one.

The numbers

What is the housing market like in Chatham, IL?

Typical home value

$307K

Up6.7%YoY

Median list price

$384K

Days on market

42

Homes for sale

29

Price cuts

14.8%

New listings

20

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Chatham's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Chatham, IL home prices over time

Typical home values in Chatham, IL are up 6.7% over the past year, from $288K in September 2025 to $307K in September 2026.

Typical home value in Chatham, IL, September of each year
MonthTypical value1-yr change
September 2026$307,432+6.7%
September 2025$288,146No prior year

Typical value is the median Zillow Home Value Index across Chatham ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Chatham, IL a buyer's or seller's market?

Chatham, IL leans toward a seller's market.

Relatively few listings have cut their asking price, which usually gives sellers the stronger position.

Based on a median of 42 days on market and 15% of listings with a price cut in the typical Chatham ZIP code, and 20 new listings against 29 active listings across Chatham, as of September 2026 (Realtor.com).

The outlook

Chatham housing market forecast 2027

+3.2%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Chatham ZIP code, points to typical home values rising 3.2% by September 2027.

Over the 12 months through September 2026, typical home values in Chatham rose 6.7%, per the Zillow Home Value Index.

Will home prices drop in Chatham?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Chatham shows typical home values rising 3.2% by September 2027, after a 6.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Chatham ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Chatham?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Chatham, IL home prices.

What is the typical home value in Chatham?

The typical home value in Chatham is $307,432 as of September 2026, up 6.7% over the past year.

How many homes are currently for sale in Chatham?

There are 29 homes for sale in Chatham as of September 2026, with 20 new listings added recently.

How long do homes typically stay on the market in Chatham?

The median days on market in Chatham is 42 days as of September 2026.

Are home prices going up or down in Chatham, IL?

Typical home values in Chatham, IL are up 6.7% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Chatham, IL a buyer's or seller's market?

Chatham, IL leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 42 days on market and 15% of listings with a price cut in the typical Chatham ZIP code, and 20 new listings against 29 active listings across Chatham, as of September 2026 (Realtor.com).

Nearby markets

More Illinois housing markets.

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