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CHATHAM, IL 62629

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The CHATHAM, IL real estate market (62629) currently shows 48 active listings, with 21 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 42 days on market compared to 32 days last year.

The median listing price has fallen 6.4% year-over-year, from $410,925 to $384,450.

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Market Context

Market Context

Population: 15,245  ·  Density: 168.7/mi²  ·  Median household income: $104,600

Typical home value: $217,862  ·  Homeownership: 80.6%

Market Overview

Active Listings
48
⇧ 14.3% vs 42 last year
Pending
21
44% pending ratio
Median Price
$384,450
⇩ 6.4% vs $410,925 last year
Average Price
$413,169
⇧ 3.7% vs $398,475 last year
Days on Market
42
⇧ 31.3% vs 32 days last year

Price Per Square Foot

Median $/sqft
$154
⇩ 1.9% vs $157/sqft last year
Median Home Size
2,517 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 42 last year
  • Days on market: 42 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $384,450 (-6.4% YoY)
  • Average: $413,169 (+3.7% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.4 miles — 218 listings ($56,296,340 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62629Chatham, IL 626290.0 mi25$11,234,625$452,900$449,385
62711Springfield, IL 627116.1 mi33$16,043,214$436,925$486,158
62615Auburn, IL 626156.7 mi6$1,191,378$182,925$198,563
62703Springfield, IL 627037.5 mi43$4,157,670$87,450$96,690
62530Divernon, IL 625308.7 mi3$449,901$152,450$149,967
62702Springfield, IL 6270210.8 mi66$8,936,532$124,900$135,402
62563Rochester, IL 6256312.0 mi13$6,049,771$301,250$465,367
62707Springfield, IL 6270712.7 mi12$3,424,980$232,250$285,415
62677Pleasant Plains, IL 6267714.6 mi5$2,416,525$381,175$483,305
62533Farmersville, IL 6253316.9 mi3$809,700$269,900$269,900
62561Riverton, IL 6256117.3 mi5$1,162,445$230,000$232,489
62601Alexander, IL 6260117.7 mi1$64,900$64,900$64,900
62531Edinburg, IL 6253118.4 mi3$354,699$119,900$118,233

Frequently Asked Questions

How many homes are for sale in CHATHAM, IL 62629?

As of September 2026, there are 48 active listings in CHATHAM, IL (zip code 62629), compared to 42 the prior year.

What is the median home price in CHATHAM, IL 62629?

The median listing price in CHATHAM, IL 62629 is $384,450 as of September 2026, a 6.4% decrease from $410,925 the prior year.

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

Homes in CHATHAM, IL 62629 spend an average of 42 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in CHATHAM, IL 62629?

Based on current inventory and days-on-market data as of September 2026, CHATHAM, IL 62629 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 42 days on market compared to 32 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CHATHAM, IL 62629 save an estimated $7,689 compared to a typical 5% commission on the median listing price of $384,450. 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.