Is Chatham County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chatham County was a Seller's Market.
Key Takeaway
Chatham County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chatham County, NC
How much do homes in Chatham County, NC cost?
Median Sold Price
$539,218
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chatham County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Chatham County was $539,218 in April 2024, up 4.8% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $339.3K | $295K | -13.1% |
| 2 Bedrooms | $300K | $313K | +4.3% |
| 3 Bedrooms | $441.7K | $450K | +1.9% |
| 4 Bedrooms | $760K | $822.5K | +8.2% |
| 5+ Bedrooms | $711.6K | $837.5K | +17.7% |
Summary: Chatham County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Counties
| Orange County | $560.2K | $600.2K | +7.1% |
| Moore County | $419.9K | $449.2K | +7.0% |
| Lee County | $300K | $314.9K | +5.0% |
| Chatham County | $514.4K | $539.2K | +4.8% |
| Alamance County | $319.3K | $315.3K | -1.2% |
Housing Supply in Chatham County, NC
How many homes are available in Chatham County, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 226 | 238 | +5.3% |
Summary: The Chatham County real estate market had 238 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 92 | 99 | +7.6% |
| 4 Bedrooms | 94 | 95 | +1.1% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Chatham County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatham County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Chatham County in April 2024, up by 11.8% month-over-month. Of the 38 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Chatham County, NC
How long does it take to sell a home in Chatham County, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 162 Days | 47 Days | -71.1% |
Summary: Homes in Chatham County had an average of 47 days on market in Apr 2024, down by 71.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chatham County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in Chatham County; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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