Is Chatham County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Chatham County has remained a Seller's Market.
Housing Prices in Chatham County, NC
How much do homes in Chatham County, NC cost?
Median Sold Price
$532,300
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Chatham County was $532,300 in June 2024, up 2.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330.7K | $217.5K | -34.2% |
2 Bedrooms | $288.5K | $313K | +8.5% |
3 Bedrooms | $447.4K | $451K | +0.8% |
4 Bedrooms | $728.2K | $780K | +7.1% |
5+ Bedrooms | $730K | $862K | +18.1% |
Summary: Chatham County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.2%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Counties
Moore County | $419.6K | $450K | +7.2% |
Lee County | $300.4K | $317.7K | +5.8% |
Orange County | $572.4K | $601.9K | +5.2% |
Chatham County | $520K | $532.3K | +2.4% |
Alamance County | $315.4K | $319.9K | +1.5% |
Housing Supply in Chatham County, NC
How many homes are available in Chatham County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
261 | 211 | -19.2% |
Summary: The Chatham County real estate market had 211 homes for sale in June 2024, a 19.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 14 | -30.0% |
3 Bedrooms | 109 | 90 | -17.4% |
4 Bedrooms | 98 | 74 | -24.5% |
5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The Chatham County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
63 | 41 | -34.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Chatham County in June 2024, down by 34.9% month-over-month. Of the 41 sold homes, 51% were sold under asking, 37% were sold at asking, and 12% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
84 Days | 53 Days | -36.7% |
Summary: Homes in Chatham County had an average of 53 days on market in Jun 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During June 2024, 41 homes were sold in Chatham County; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.