$9,831 Closing Credit*
$827,900
3,133 SqFt
4 Beds
•3 Full Baths
Joanne Renaud, Listing Office: RDU Realty
Is Chapel Ridge, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Chapel Ridge has remained a Buyer's Market.
Key Takeaway
Chapel Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chapel Ridge, NC
How much do homes in Chapel Ridge, NC cost?
Median Sold Price
$885,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,806(+4.5%)
Key Takeaway
Homes in Chapel Ridge have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Chapel Ridge was $885,000 in October 2024, up 4.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $861.5K | - | N/A |
| 3 Bedrooms | $572K | $585K | +2.3% |
| 4 Bedrooms | $849.7K | $922.5K | +8.6% |
| 5+ Bedrooms | $862.3K | $850K | -1.4% |
Summary: Chapel Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Chapel Ridge, NC
How many homes are available in Chapel Ridge, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Chapel Ridge real estate market had 31 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Chapel Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chapel Ridge, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Chapel Ridge in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Chapel Ridge, NC
How long does it take to sell a home in Chapel Ridge, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 134 Days | +55.7% |
Summary: Homes in Chapel Ridge had an average of 134 days on market in Oct 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Chapel Ridge are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Chapel Ridge; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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