Is Chatham County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Chatham County has remained a Buyer's Market.
Housing Prices in Chatham County, NC
How much do homes in Chatham County, NC cost?
Median Sold Price
$535,488
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Chatham County was $535,488 in February 2024, up 2.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $367K | $322.2K | -12.2% |
2 Bedrooms | $287K | $340K | +18.5% |
3 Bedrooms | $442K | $448.9K | +1.6% |
4 Bedrooms | $750K | $800K | +6.7% |
5+ Bedrooms | $720K | $780K | +8.3% |
Summary: Chatham County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Counties
Orange County | $555.1K | $587.3K | +5.8% |
Moore County | $419.5K | $439.6K | +4.8% |
Lee County | $297.2K | $310K | +4.3% |
Chatham County | $520.1K | $535.4K | +2.9% |
Alamance County | $312.3K | $315.1K | +0.9% |
Housing Supply in Chatham County, NC
How many homes are available in Chatham County, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
213 | 221 | +3.8% |
Summary: The Chatham County real estate market had 221 homes for sale in February 2024, a 3.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 86 | 91 | +5.8% |
4 Bedrooms | 96 | 98 | +2.1% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Chatham County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 30 | -3.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Chatham County in February 2024, down by 3.2% month-over-month. Of the 30 sold homes, 53% were sold under asking, 17% were sold at asking, and 30% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
109 Days | 163 Days | +48.9% |
Summary: Homes in Chatham County had an average of 163 days on market in Feb 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During February 2024, 30 homes were sold in Chatham County; 7% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.