Chatham-Kent Real Estate Market Update: August 25 to August 31, 2026

Twenty-four residential sales were recorded across Chatham-Kent for the week of August 25 to August 31, 2026, at a median sale price of $407,500. The average landed at $434,004, a bit above the median thanks to a few higher-priced closings at the top of the week.

A word on sample size first. Twenty-four sales is a normal week for a municipality this size, but it's a small enough number that percentages can mislead. The counts below are reported as counts for that reason, and no single week should be read as a turning point.

Nineteen of the Week's 24 Sales Closed Below Asking

That's the number worth sitting with. Four homes sold above the asking price, one landed exactly on it, and the other 19 closed underneath. The median sale-to-list ratio was 96.87%, meaning the typical seller accepted roughly 3% less than what the listing said. Five of the 24 sales came in below 95% of asking.

None of that is a surprise given the supply picture. The board counted 594 active residential listings at the end of July, the highest July figure in more than a decade and about 63% above the ten-year average for the month. Inventory sat at 4.5 months against a long-run norm of 3 months for this time of year. When buyers have that much to choose from, offers below the asking price become the default rather than the exception.

Half the Week's Sales Were Under $400,000

Twelve of the 24 sales closed at or below $400,000. Five fell in the $400,000 to $500,000 range, and the remaining seven landed above $500,000.

The $400,000 to $500,000 group is the one to watch. Not one of those five sales beat its asking price, and the typical one closed around 96% of list. That's a narrow slice of a single week, so treat it as a signal rather than a verdict, but it does line up with a market carrying record new-listing counts.

Sixteen Days for the Typical Sale

Median days on market came in at 16, with a 20-day average. The two numbers sitting close together means the week didn't have a large group of stale listings dragging the pace down. Homes that were priced against recent comparable sales moved reasonably quickly. The ones that weren't tended to settle below list rather than sit forever.

For sellers, that's the practical read. Pricing has to reflect the sales that closed this summer, not the ones from two summers ago, because buyers in a 4.5-month market simply move on to the next listing. Build a little negotiating room into the asking price and expect to use it.

Buyers get the better end of this arithmetic. Nineteen of 24 sellers accepted less than they asked for. That's meaningful room to work with, especially on listings that have been sitting. Come in with financing arranged and a clear sense of what similar homes have actually sold for.