The Chatom housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Chatom currently stands at $195,000. With 3.0 months of supply, Chatom's inventory levels remain relatively tight. Homes are taking about 113 days to sell, which is NaN days longer than this time last year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Chatom market with the affordability index at 1468.9. Based on current market indicators, home prices in Chatom are projected to increase by approximately 3.1% over the next month.
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