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Market Intelligence · NJ / Morris County

Chatham, NJ home prices and housing market

1 ZIP market liveData updated September 2026Typical value$1.37M1-yr changeUp11.0%

The typical home value in Chatham, NJ is $1.37M as of September 2026, up 11.0% from a year ago, based on the Zillow Home Value Index. In the typical Chatham ZIP code, the median list price is $1.06M and homes spend a median of 19 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
$1.37M
1-yr changeMedian across Chatham ZIPs
+11.0%
ZIP markets live
1
County
Morris County

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12-month value trend

+11.0% over 12 months

Typical home value in Chatham over the last 12 months: $1.23M in Sep 2025 to $1.37M in Sep 2026 (+11.0%).

Sep 2025$1.23M

Sep 2026$1.37M

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

Context

Chatham's housing market remains firmly in sellers' favor as of September 2026. The typical home value in Chatham is $1,369,976, up 11.0% over the past year. Inventory is thin, with 28 homes for sale and 26 new listings coming on the market. Homes are moving quickly, spending a median of 19 days on market, and the share of listings with a price cut sits at 0.0%. The median list price of $1,061,725 sits below the typical value, which suggests strong demand at the lower end of the market. For a homeowner weighing a sale, conditions in Chatham currently reward sellers who price accurately and are ready to move fast.

The numbers

What is the housing market like in Chatham, NJ?

Typical home value

$1.37M

Up11.0%YoY

Median list price

$1.06M

Days on market

19

Homes for sale

28

Price cuts

0.0%

New listings

26

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, NJ home prices over time

Typical home values in Chatham, NJ are up 11.0% over the past year, from $1.23M in September 2025 to $1.37M in September 2026.

Typical home value in Chatham, NJ, September of each year
MonthTypical value1-yr change
September 2026$1,369,976+11.0%
September 2025$1,234,149No 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, NJ a buyer's or seller's market?

Chatham, NJ leans toward a seller's market.

Homes are selling quickly, relatively few listings have cut their asking price, and homes for sale are scarce relative to new listings, which usually gives sellers the stronger position.

Based on a median of 19 days on market and 0% of listings with a price cut in the typical Chatham ZIP code, and 26 new listings against 28 active listings across Chatham, as of September 2026 (Realtor.com).

The outlook

Chatham housing market forecast 2027

+3.1%

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 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in Chatham rose 11.0%, 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 3.1% by September 2027, after a 11.0% 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, NJ home prices.

How much is a home in Chatham worth?

The typical home value in Chatham is $1,369,976 as of September 2026, up 11.0% over the past year. Keep in mind this is a citywide figure, and individual homes will vary.

How fast are homes selling in Chatham?

Homes in Chatham spend a median of 19 days on market as of September 2026. The share of listings with a price cut is 0.0%, which points to strong buyer demand.

How much competition is there among sellers in Chatham?

Inventory is limited, with 28 homes for sale and 26 new listings as of September 2026. Low supply combined with quick sales generally works in a seller's favor.

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

Typical home values in Chatham, NJ are up 11.0% over the past year, based on the Zillow Home Value Index as of September 2026.

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

Chatham, NJ leans toward a seller's market. Homes are selling quickly, relatively few listings have cut their asking price, and homes for sale are scarce relative to new listings, which usually gives sellers the stronger position. Based on a median of 19 days on market and 0% of listings with a price cut in the typical Chatham ZIP code, and 26 new listings against 28 active listings across Chatham, as of September 2026 (Realtor.com).

How long do homes take to sell in Chatham, NJ?

In the typical Chatham ZIP code, homes spend a median of 19 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

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