Is Chapel Ridge, 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, Chapel Ridge was a Seller's Market.
Key Takeaway
Chapel Ridge 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 Chapel Ridge, NC
How much do homes in Chapel Ridge, NC cost?
Median Sold Price
$880,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chapel Ridge have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Chapel Ridge was $880,000 in April 2024, up 12.1% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $861.5K | N/A |
| 3 Bedrooms | $602.9K | $585K | -3.0% |
| 4 Bedrooms | $806K | $885K | +9.8% |
| 5+ Bedrooms | $730K | $880K | +20.5% |
Summary: Chapel Ridge housing prices by bedroom type for April 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 decreased by 3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in Chapel Ridge, NC
How many homes are available in Chapel Ridge, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The Chapel Ridge real estate market had 35 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Chapel Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Chapel Ridge in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 264 Days | 41 Days | -84.3% |
Summary: Homes in Chapel Ridge had an average of 41 days on market in Apr 2024, down by 84.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chapel Ridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Chapel Ridge; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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