News Summary
Chatham County’s housing market faced a decline in median home prices and sales in April, dropping to $340,000 from the previous month’s $365,000. Concurrently, Disney’s Asteria community development project gains momentum, reflecting a growing interest in new residential opportunities despite the market slowdown. The Asteria project aims to establish a vibrant living space inspired by the local environment, with plans for around 4,000 homes. Local concerns about environmental impacts accompany the development’s progress, highlighting a mix of challenges and opportunities in the area’s real estate landscape.
Chatham County Experiences Drop in Home Prices in April 2025; Disney’s Asteria Development Moves Forward
Chatham County, located in Georgia, has seen a noticeable decline in residential home prices during April 2025, according to recent data. Meanwhile, the development of Disney’s Asteria community in the area is progressing, signaling potential new housing options for future residents.
Drop in Home Prices and Sales
In April 2025, the median home sale price in Chatham County declined to $340,000, marking a 6.8% decrease from the previous month’s median price of $365,000. When compared to April 2024, the median price remains slightly lower, down by 2.9% from $350,000.
Additionally, the number of home sales in the county dropped significantly year-over-year, with April recording 406 sales, compared to 533 sales in April 2024. This represents a 23.8% decrease in home sales during that period.
The total value of residential home sales in Chatham County for April reached approximately $175.2 million. This reflects the reduced sales volume and declining median prices but remains a sizeable market segment for the region.
Statewide Housing Trends
Across Georgia, the market experienced relative stability in median home prices, with the statewide median remaining at $340,000 in April. It was a slight increase from $339,999 in March, indicating minimal fluctuation at the state level.
However, statewide home sales declined more sharply, falling 11.9% to 14,203 transactions in April, down from 16,115 sales in April 2024. This suggests a slowdown in housing activity throughout the state, including Chatham County.
The data used to compile these figures is sourced from real estate deeds, which may carry a delay of a few months, potentially impacting real-time accuracy.
Analysts consider the median home sales price a more reliable indicator of current market conditions than average prices, which can be skewed by high or low sales.
Disney’s Asteria Community Development
In tandem with market changes, development projects in Chatham County are advancing. Disney has announced preliminary plans for its Asteria community, a new residential neighborhood designed to incorporate a variety of housing options inspired by North Carolina’s native aster flower.
The developer invested $23.3 million in March for a 217-acre land parcel, part of a broader strategy to acquire a total of 1,500 acres in the area. The project aims to create a vibrant community featuring 4,000 single-family and multi-family homes, with sales projections anticipated to begin in 2027.
The Pittsboro Board of Commissioners has unanimously approved the initial development plan, which includes constructing different housing types such as single-family homes, townhomes, duplexes, and quadplexes.
Community Integration and Environmental Considerations
The development of Asteria aims to serve as the second Storyliving by Disney community in the United States, following the Cotino community in California. The project’s design draws inspiration from North Carolina’s natural environment, emphasizing exploration of the region’s natural beauty.
While the project fosters potential growth, concerns have been raised regarding environmental impact, including wastewater management and preservation of local ecosystems. Local realtor Eric Andrews and environmental groups have expressed reservations about the development’s influence on the area’s environment.
As of now, no specific pricing has been announced for homes within the Asteria community, leaving potential buyers and residents awaiting further details.
Summary
In April 2025, Chatham County experienced notable declines in median home prices and home sales, reflecting shifts in the local housing market. Meanwhile, the Disney-backed Asteria development project signifies ongoing growth and investment in the region, with plans for a large residential community set to begin sales in the near future. As both market and development trends evolve, residents and stakeholders continue to monitor environmental and market conditions to gauge future growth and stability.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Savannah Now: Real Estate Sales
- WRAL: Developer Land Purchase for Disney Development
- CBS 17: Disney’s Asteria Community Phase Approved
- Wikipedia: Real Estate
- Encyclopedia Britannica: Real Estate
Author: STAFF HERE RALEIGH WRITER
RALEIGH STAFF WRITER The RALEIGH STAFF WRITER represents the experienced team at HERERaleigh.com, your go-to source for actionable local news and information in Raleigh, Wake County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the North Carolina State Fair, Raleigh Arts Festival, and the Hopscotch Music Festival. Our coverage extends to key organizations like the Greater Raleigh Chamber of Commerce and Visit Raleigh, plus leading businesses in technology and education that power the local economy such as Red Hat and NC State University. As part of the broader HERE network, including HEREAsheville.com, HERECharlotte.com, HEREGreensboro.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
