Is Chatham County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chatham County is a neutral's market

Buyer's
Market

Difference Since April 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

$539,218

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,753(+4.8%)

Key Takeaway

Homes in Chatham County have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Chatham County was $539,218 in April 2024, up 4.8% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $339.3K$295K
-13.1%
2 $300K$313K
+4.3%
3 $441.7K$450K
+1.9%
4 $760K$822.5K
+8.2%
5+ $711.6K$837.5K
+17.7%

Summary: Chatham County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 17.7%.

Median Sold Price Compared To Nearby Counties

Orange County
+7.1%
Moore County
+7.0%
Lee County
+5.0%
Chatham County
+4.8%
Alamance County
-1.2%

Housing Supply in Chatham County, NC

How many homes are available in Chatham County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
226238+5.3%

Summary: The Chatham County real estate market had 238 homes for sale in April 2024, a 5.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 1519
+26.7%
3 9299
+7.6%
4 9495
+1.1%
5+ 2324
+4.3%

Summary: The Chatham County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3438+11.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Chatham County in April 2024, up by 11.8% month-over-month. Of the 38 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% 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

Apr 2023Apr 2024CHANGE
162 Days47 Days-71.1%

Summary: Homes in Chatham County had an average of 47 days on market in Apr 2024, down by 71.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chatham County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 38 homes were sold in Chatham County; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Chatham County, NC

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