$10,000 Closing Credit*
$945,000
3,101 SqFt
4 Beds
•3 Full Baths, 1 Partial
Julian Jahoo, Reese Jahoo, Listing Office: LPT Realty, LLC
Is Chapel Ridge, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chapel Ridge has remained a Seller's Market.
Key Takeaway
Chapel Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chapel Ridge, NC
How much do homes in Chapel Ridge, NC cost?
Median Sold Price
$891,598
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,931(+4.2%)
Key Takeaway
Homes in Chapel Ridge have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Chapel Ridge was $891,598 in November 2024, up 4.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $861.5K | - | N/A |
| 3 Bedrooms | $580K | - | N/A |
| 4 Bedrooms | $859.8K | $915K | +6.4% |
| 5+ Bedrooms | $880K | $820K | -6.8% |
Summary: Chapel Ridge housing prices by bedroom type for November 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 did not change, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in Chapel Ridge, NC
How many homes are available in Chapel Ridge, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The Chapel Ridge real estate market had 33 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Chapel Ridge housing inventory by bedroom type for November 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 decreased by 5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chapel Ridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Chapel Ridge in November 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 165 Days | 57 Days | -65.3% |
Summary: Homes in Chapel Ridge had an average of 57 days on market in Nov 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chapel Ridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Chapel Ridge; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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