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 seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Chatham County, NC cost?

Median Sold Price

$500,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$100,000(+25.0%)

Key Takeaway

Homes in Chatham County have sold for 25% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $76.3K$475K
+522.2%
2 $235K$276K
+17.4%
3 $364.1K$420K
+15.3%
4 $580.2K$720K
+24.1%
5+ $375K$895K
+138.7%

Median Sold Price Compared To Nearby Counties

Moore County
+29.7%
Chatham County
+25.0%
Orange County
+23.5%
Alamance County
+22.4%
Lee County
+18.4%

How many homes are available in Chatham County, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
164175+6.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 1417
+21.4%
3 6161
0.0%
4 6671
+7.6%
5+ 2225
+13.6%

Number of Homes Sold

Sep 2022Oct 2022%
2941+41.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 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. 53.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
16 Days23 Days+37.2%

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 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.

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

About Chatham County, NC

Number of homes for sale in Chatham County, NC real estate market have reached 175. The number of homes for sale in Chatham County, NC increased by 6.7% between September 2022 and October 2022. Listings spent 23 days on the market in October 2022, and had a median list price of $500,000 during the same period. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 522.2%, the cost of 2 bedrooms properties went up by 17.4%, the cost of 3 bedrooms properties went up by 15.3%, 4 bedrooms properties became 24.1% more expensive, 5 bedrooms properties prices increased by 138.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 21.4%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory increased by 7.6%, 5 bedrooms homes inventory increased by 13.6%. In October 2022 more than 13 listings in Chatham County, NC were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 21 were sold below.

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