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 June 2023

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.

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

+$12,300(+2.4%)

Key Takeaway

Homes in Chatham County have sold for 2.4% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $330.7K$217.5K
-34.2%
2 $288.5K$313K
+8.5%
3 $447.4K$451K
+0.8%
4 $728.2K$780K
+7.1%
5+ $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
+7.2%
Lee County
+5.8%
Orange County
+5.2%
Chatham County
+2.4%
Alamance County
+1.5%

Housing Supply in Chatham County, NC

How many homes are available in Chatham County, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
261211-19.2%

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

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 2014
-30.0%
3 10990
-17.4%
4 9874
-24.5%
5+ 3332
-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 2024Jun 2024CHANGE
6341-34.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chatham County, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
84 Days53 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

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 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.

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

Report Updated 26 Days Ago

Newest Listings in Chatham County, NC

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