Is Chatham, NY 12037 a buyer’s or seller’s market?
Chatham is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Chatham housing market right now
In the three months ending August 31, 2026, 21% of homes in Chatham, NY 12037 sold above their list price, the typical home went under contract in 65 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold faster (68 days then) and the median sale price fell 12% to $421,318. Overall, Chatham is less competitive than a year ago, which gives buyers more room.
Within Columbia County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 57%.
Nearby, buyers who want less competition could look at Ancramdale 12503 (0% sold over asking) or Ancram 12502 (0% sold over asking), while Stottville 12172 (100% sold over asking) and Copake Falls 12517 (100% sold over asking) are even more competitive.
Run the numbers for 12037
Nearby markets
Ancram 12502Buyer’s market $303 /sq ftAncramdale 12503Seller’s market $504 /sq ftAusterlitz 12017Seller’s market $349 /sq ftBrainard 12024Seller’s market $195 /sq ft Browse all markets →Towns like Chatham nearby
Find towns like Chatham in other states →Where Chatham is
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Questions about Chatham real estate
Is Chatham a buyer’s or seller’s market?
A balanced market: there were 4.1 months of supply in Chatham, NY 12037 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Chatham?
The typical home went under contract in 65 days in the latest three months.
Do homes in Chatham sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 102.3% of the list price.
What are property taxes in Chatham?
About 1.40% of a home’s value a year in Columbia County, or roughly $5,600 on a $400,000 home.
What is the median home price in Chatham?
The median sale price was $421,318 in the three months ending August 31, 2026, about $263 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology