Is Chatham, VA 24531 a buyer’s or seller’s market?

The Chatham housing market right now

In the three months ending August 31, 2026, 6% of homes in Chatham, VA 24531 sold above their list price, the typical home went under contract in 57 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (61 days then) and the median sale price fell 18% to $216,406. Overall, Chatham is less competitive than a year ago, which gives buyers more room.

Within Pittsylvania County, homes here sell faster than in 54% of the county’s ZIP codes, and sell less often over asking than in 62%. On our competition score, Chatham ranks #340 of 358 VA ZIP codes with enough sales (score 20 out of 100).

Nearby, buyers who want less competition could look at Keeling 24566 (0% sold over asking) or Dry Fork 24549 (0% sold over asking), while Long Island 24569 (100% sold over asking) and Blairs 24527 (50% sold over asking) are even more competitive.