Is Chatom, AL 36518 a buyer’s or seller’s market?
Chatom is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Chatom housing market right now
In the three months ending August 31, 2026, 0% of homes in Chatom, AL 36518 sold above their list price, the typical home went under contract in 220 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. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (87 days then) and the median sale price rose 45% to $281,878. Overall, Chatom is less competitive than a year ago, which gives buyers more room.
Within Washington County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Malcolm 36556 (100% sold over asking) and Millry 36558 (33% sold over asking) are even more competitive.
Run the numbers for 36518
Nearby markets
Fruitdale 36539 — /sq ftLeroy 36548 — /sq ftMalcolm 36556 — /sq ftMc Intosh 36553 $156 /sq ft Browse all markets →Towns like Chatom nearby
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Questions about Chatom real estate
Is Chatom a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Chatom, AL 36518 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 Chatom?
The typical home went under contract in 220 days in the latest three months.
Do homes in Chatom sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.3% of the list price.
What are property taxes in Chatom?
About 0.23% of a home’s value a year in Washington County, or roughly $920 on a $400,000 home.
What is the median home price in Chatom?
The median sale price was $281,878 in the three months ending August 31, 2026, about $131 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