April 2025 Chatham County Real Estate Market Snapshot

Quick Take‑Aways

• Price‑per‑square‑foot keeps inching higher even as the median sales price softens slightly.
• Homes are taking longer to sell, signaling a move toward balance.
• Inventory is up—great news for buyers who felt squeezed last spring.
• Sellers are negotiating a bit more, but smart pricing still earns near‑ask offers.
• Chatham County real estate remains popular.

Price Trends – What Are Homes Really Selling For?

Even with mortgage rates hovering near 7 percent, buyers continue to pay more per finished square foot. That underscores demand for Chatham’s mix of small‑town charm and easy Triangle commutes.

Why Did the Median Price Dip?

Fewer luxury estates closed this April, while more “right‑sized” cottages and townhomes sold. A shifting mix of properties—not falling values—is behind the lower median sale figure.

Market Tempo – Days on Market & Months of Supply

Average time to go under contract has ticked up to just over four weeks, and months of supply is inching toward the 4–6‑month “balanced” zone. Translation: buyers gain leverage, while sellers still enjoy a fundamentally healthy market.

Inventory Flow – New & Active Listings

More homeowners listed this spring—likely motivated by talk of future rate cuts. For buyers, the sweet spot right now is the $500K–$800K range around Fearrington Village, Powell Place, Chatham Park, and Briar Chapel.

Negotiability – How Close to List Are Sellers Landing?

The typical home sells just shy of original ask, with most price adjustments happening before an offer is accepted. Strategy tip: price right on day one to stay as close to 100 percent of list as possible.

Local Insight – Pittsboro & Beyond

From the high‑$200s per square foot in Fearrington Village to the low‑$200s farther west, micro‑markets vary widely. Downtown Pittsboro’s revitalization, the Wolfspeed megasite, and a future Apple campus keep relocation demand strong.

What This Market Means for Sellers

• Nail the price. Over‑pricing leads to early reductions and longer days on market.
• Stage smartly. Well‑presented homes stand out—ask us about affordable virtual staging.
• Plan for 30–45 days. Build that timeline into your move‑out schedule.

What This Market Means for Buyers

• More options. Rising inventory offers leverage on repairs, closing costs, and sometimes price.
• Shop those rates. Even a quarter‑point difference can save big over the life of a loan.
• Think total cost. High‑performance homes can slash future energy bills.

Ready to Make a Move?

Text Ryan & Stephanie 📱 (919) 724‑7010 or email ford at trianglerealestatejournal.com for a custom strategy—whether you’re selling before the school bell rings or hunting for acreage by the Haw River.