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 Decline in Home Prices in April 2025
Chatham County has seen a noticeable decrease in its median home sale prices during April 2025, according to recent data from Realtor.com. The median home price in the county dropped to $340,000 in April, down from $365,000 in March. This represents a 6.8% month-over-month decline in home prices. When compared to April 2024, the median price has also decreased by 2.9%, from $350,000 to the current figure.
Declining Home Sales Volume and Overall Market Value
The number of homes sold in Chatham County also decreased significantly. April saw 406 home sales, a reduction of 23.8% from the 533 sales recorded in April 2024. The total value of residential home sales in the county for April reached approximately $175.2 million.
Statewide Market Trends in Georgia
Across Georgia, the median home sale price remained relatively stable at $340,000 in April, showing a slight increase from $339,999 in March. However, the overall number of homes sold statewide declined by 11.9%, dropping from 16,115 in April 2024 to 14,203 in April 2025. These figures highlight a nationwide trend of cooling residential real estate activity during this period.
Data Collection and Market Indicators
The data from Realtor.com involve real estate deed records, which may be subject to a few months of delay. Experts note that the median sale price is a more helpful indicator of current market conditions compared to average sale prices, as it reduces the impact of outliers and provides a clearer picture of typical home values.
Disney’s Asteria Community Development Moves Forward in Chatham County
Development Details and Investment
In related growth news, Disney’s Asteria project in Chatham County has entered the planning phase. Developers acquired a 217-acre land parcel in March for approximately $23.3 million. This purchase is part of a broader initiative to secure a total of 1,500 acres for future development. The Asteria community aims to feature about 4,000 single-family and multi-family homes, with sales anticipated to begin in 2027.
Community Planning and Permits
The Pittsboro Board of Commissioners has unanimously approved the preliminary plans for the Asteria community. The development will include various housing types, such as single-family homes, townhomes, duplexes, and quadplexes. The project’s design draws inspiration from the native aster flower, reflecting a connection to North Carolina’s natural environment.
Community Focus and Environmental Considerations
Aimed at fostering a vibrant community atmosphere, Asteria will serve as the second Storyliving by Disney community in the United States, following the Cotino development in California. The project emphasizes exploration of North Carolina’s natural surroundings and seeks to create an engaging residential environment.
However, some concerns have been raised by local real estate and environmental groups regarding potential environmental impacts and wastewater management issues associated with the development. These concerns underscore ongoing debates about balancing growth with environmental sustainability in the region.
Community Identity and Aesthetic Inspiration
The community’s aesthetic and branding are inspired by the North Carolina aster flower, symbolizing the region’s natural beauty. As of now, no specific housing price points have been announced for Asteria, leaving prospective buyers eager for further details on affordability and housing options.
Summary
Overall, the housing market in Chatham County has experienced a decline in prices and sales volumes during April 2025, reflecting broader statewide and national trends. Simultaneously, major development projects like Disney’s Asteria signal ongoing growth in the region, though not without environmental and planning considerations. As these developments proceed, they will shape the future landscape of Chatham County’s residential landscape and community composition.
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 MILWAUKEE WRITER
MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee 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 Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
