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CHATHAM, VA 24531

Real Estate Market Report  ·  Pittsylvania County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
28
⇧ 154.5% vs 11 last year
Pending
10
36% pending ratio
Median Price
$190,000
⇩ 45% vs $345,500 last year
Average Price
$252,973
⇩ 17.7% vs $307,276 last year
Days on Market
82
⇧ 34.4% vs 61 days last year

Market Context

Population: 9,182  ·  Density: 18.0/mi²  ·  Median household income: $49,087

Typical home value: $131,639  ·  Homeownership: 77.4%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The CHATHAM, VA real estate market (24531) currently shows 28 active listings, with 10 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 82 days on market compared to 61 days last year.

The median listing price has fallen 45% year-over-year, from $345,500 to $190,000.

Whether you are buying or selling in CHATHAM, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 11 last year
  • Days on market: 82 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $190,000 (-45% YoY)
  • Average: $252,973 (-17.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.1 miles — 370 listings ($133,193,587 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24531Chatham, VA 245310.0 mi28$7,083,244$190,000$252,973
24549Dry Fork, VA 245499.2 mi13$4,552,457$299,000$350,189
24557Gretna, VA 2455711.7 mi29$8,179,363$224,450$282,047
24137Penhook, VA 2413713.1 mi21$31,278,681$1,004,500$1,489,461
24540Danville, VA 2454013.6 mi107$22,529,599$175,000$210,557
24541Danville, VA 2454117.6 mi100$30,082,000$219,450$300,820
24176Union Hall, VA 2417618.1 mi13$10,617,243$799,250$816,711
24586Ringgold, VA 2458618.3 mi10$3,380,380$308,700$338,038
24594Sutherlin, VA 2459419.8 mi2$1,325,000$662,500$662,500
24069Cascade, VA 2406920.7 mi7$1,835,050$249,450$262,150
24092Glade Hill, VA 2409220.9 mi1$1,750,000$1,750,000$1,750,000
27315Providence, NC 2731523.2 mi8$2,135,736$314,500$266,967
24517Altavista, VA 2451724.1 mi31$8,444,834$215,900$272,414

Frequently Asked Questions

How many homes are for sale in CHATHAM, VA 24531?

As of January 2026, there are 28 active listings in CHATHAM, VA (zip code 24531), compared to 11 the prior year.

What is the median home price in CHATHAM, VA 24531?

The median listing price in CHATHAM, VA 24531 is $190,000 as of January 2026, a 45% decrease from $345,500 the prior year.

How long do homes stay on the market in CHATHAM, VA?

Homes in CHATHAM, VA 24531 spend an average of 82 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in CHATHAM, VA 24531?

Based on current inventory and days-on-market data as of January 2026, CHATHAM, VA 24531 is currently a Buyer's Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 82 days on market compared to 61 days last year.

How much can I save on real estate commission in CHATHAM, VA?

With SELL123.com's maximum 3% commission, sellers in CHATHAM, VA 24531 save an estimated $3,800 compared to a typical 5% commission on the median listing price of $190,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.