How much do builders pay for teardowns in Chatham, NJ?

Since 2019, builders bought 57 older homes and lots in Chatham that were later rebuilt, paying a median of $760,000, based on State of New Jersey deed records.

What do new homes on teardown lots sell for in Chatham, NJ?

Of those lots, 38 new homes have resold so far at a median of $1,963,928, typically about 15 months after the builder bought the lot.

Morris County, New Jersey

Land and teardowns in Chatham, NJ.

What builders actually paid for older homes and lots in Chatham, what the new homes on those lots sold for, and land for sale right now.

Chatham Teardown Report

What builders paid.

Lots in Chatham where a builder bought an older home or a lot and a new house went up, purchases from 2019 on.

57lots bought by builderssince 2019, later rebuilt

$760Kmedian price builders paidfor the older home or lot

$1.96Mmedian new home price38 of those new homes resold so far

15 mopurchase to new home saletypical time on those projects

The typical new home on those lots later sold for $1.96M, about $1.32M more than the builder paid for the lot, usually about 15 months later. That difference is not profit: demolition, construction, permits and carrying costs all come out of it.

Own an older home or a large lot here? Find out what a builder would pay for yours →

Source: NJ Division of Taxation deed records (SR1A) 2019 to June 2026 matched to state parcel records (NJGIN MOD-IV) showing a house built 2019 or later on the same lot. Purchases after 2023 mostly have not been rebuilt yet, so recent years undercount.

For Sale Now

Land and lots for sale in Chatham.

Live from the MLS and updated all day. If nothing shows, there is no land listed right now. Many of the best lots never hit the market: builders buy older homes instead.

Before You Decide

Know what your Chatham lot allows.

Chatham market reportEvery home sold, median prices and the agent who knows the town.New construction in ChathamRecent new-home sales, sizes and price per square foot.Land and teardowns in ChathamWhat builders paid for older homes, and lots for sale now.What can you build on your lot?Enter an address: zoning, lot size and roughly how big a new home could be.

Written and reviewed by

Igor Guberuk

REALTOR-Associate, Builders Resource Center at Corcoran Sawyer Smith. Works with owners and builders in Chatham. Numbers updated September 2026.

About Igor · (718) 812-3777