$425,000
24.57 Acres
Land
Mark Holley, Listing Office: Whitetail Properties, LLC
Is Chatham County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$536,325
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$341(-0.1%)
Key Takeaway
The sold price of homes in Chatham County has remained the same since last year.
Summary: The median home sold price in Chatham County was $536,325 in October 2024, down 0.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330.7K | $140K | -57.7% |
| 2 Bedrooms | $319K | $300K | -6.0% |
| 3 Bedrooms | $447.6K | $452.8K | +1.2% |
| 4 Bedrooms | $768K | $822K | +7.0% |
| 5+ Bedrooms | $731.9K | $935K | +27.7% |
Summary: Chatham County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.7%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Counties
| Moore County | $429.8K | $459.3K | +6.8% |
| Orange County | $585.3K | $621.1K | +6.1% |
| Lee County | $306.9K | $323.3K | +5.3% |
| Alamance County | $315K | $321.8K | +2.2% |
| Chatham County | $536.6K | $536.3K | -0.1% |
Housing Supply in Chatham County, NC
How many homes are available in Chatham County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 235 | 247 | +5.1% |
Summary: The Chatham County real estate market had 247 homes for sale in October 2024, a 5.1% 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 | 18 | 19 | +5.6% |
| 3 Bedrooms | 114 | 125 | +9.6% |
| 4 Bedrooms | 72 | 77 | +6.9% |
| 5+ Bedrooms | 31 | 26 | -16.1% |
Summary: The Chatham County 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 increased by 5.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 16.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 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. 39.5% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Chatham County in October 2024, up by 15.2% month-over-month. Of the 38 sold homes, 39% were sold under asking, 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 103 Days | 60 Days | -41.7% |
Summary: Homes in Chatham County had an average of 60 days on market in Oct 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 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 October 2024, 38 homes were sold in Chatham County; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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