$10,000 Closing Credit*
$2,495,000
4,285 SqFt
3 Beds
•4 Full Baths
Kerrie Bornkessel, Listing Office: Fonville Morisey & Barefoot
Is Chatham County, 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, Chatham County has remained a Seller's Market.
Key Takeaway
Chatham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatham County, NC
How much do homes in Chatham County, NC cost?
Median Sold Price
$542,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,890(+0.5%)
Key Takeaway
Homes in Chatham County have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Chatham County was $542,000 in November 2024, up 0.5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.2K | $140K | -56.6% |
| 2 Bedrooms | $320K | $312.6K | -2.3% |
| 3 Bedrooms | $454.9K | $450K | -1.1% |
| 4 Bedrooms | $776.8K | $817.5K | +5.2% |
| 5+ Bedrooms | $775K | $965K | +24.5% |
Summary: Chatham County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.6%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Counties
| Moore County | $433.1K | $463.1K | +6.9% |
| Lee County | $305K | $324.9K | +6.6% |
| Orange County | $588K | $621.6K | +5.7% |
| Alamance County | $315.9K | $322.2K | +2.0% |
| Chatham County | $539.1K | $542K | 0.5% |
Housing Supply in Chatham County, NC
How many homes are available in Chatham County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 245 | 227 | -7.3% |
Summary: The Chatham County real estate market had 227 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 117 | 103 | -12.0% |
| 4 Bedrooms | 82 | 75 | -8.5% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Chatham County 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 increased by 10.5%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Chatham County in November 2024, the same as the previous month. Of the 39 sold homes, 67% were sold under asking, 8% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 130 Days | 59 Days | -54.8% |
Summary: Homes in Chatham County had an average of 59 days on market in Nov 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
14 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 November 2024, 39 homes were sold in Chatham County; 46% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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