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 Home Prices Drop in April While Disney’s Asteria Development Moves Forward

In April 2025, data indicates a decline in home prices and sales activity in Chatham County, alongside significant development efforts by Disney’s Asteria community project.

Home Prices in Chatham County Experience Decline

The median sale price of homes in Chatham County decreased to $340,000 in April, down from $365,000 in March, representing a 6.8% month-over-month decline. When compared to April 2024, the median price has fallen by 2.9%, from $350,000.

Meanwhile, the number of home sales declined notably, with a 23.8% decrease from April 2024. Specifically, the sales volume dropped from 533 transactions in April 2024 to 406 in April 2025. Despite fewer transactions, the total residential real estate sales in dollar value for the month reached $175.2 million.

Across Georgia, the overall trend was relatively stable in terms of median prices, which slightly increased from $339,999 in March to $340,000 in April. However, Georgia experienced a more significant drop in sales activity, with total transactions decreasing by 11.9% from 16,115 sales in April 2024 to 14,203 in April 2025.

Data Sources and Market Indicators

The figures are based on real estate deed recordings, which may have slight delays. The median sales price is generally regarded as a more accurate indicator of current market conditions compared to averages, as it minimizes distortion from extremely high or low sales prices.

Disney’s Asteria Community Development Gains Momentum

Meanwhile, development plans for Disney’s Asteria community in Chatham County are advancing. Developers made an initial land purchase in March, spending approximately $23.3 million for a 217-acre parcel, part of a broader strategy to acquire a total of about 1,500 acres for the project.

The planned community is set to feature 4,000 single-family and multi-family homes. Construction and sales are projected to commence in 2027. The project received unanimous approval from the Pittsboro Board of Commissioners, marking a key milestone.

The development will include various housing types, such as single-family homes, townhomes, duplexes, and quadplexes, aimed at creating a diverse and vibrant neighborhood. The design draws inspiration from the native aster flower, reflecting North Carolina’s natural beauty.

Community and Environmental Considerations

The Asteria development is envisioned as the second Storyliving by Disney community in the United States, following the Cotino community in California. Its goal is to encourage exploration of the natural surroundings while building a cohesive community atmosphere.

However, the project has faced some concerns from local real estate professionals and environmental groups regarding potential environmental impacts and wastewater management. These issues remain a subject for ongoing discussion as development plans move forward.

Summary

In summary, April 2025 data shows declining home prices and sales activity in Chatham County, amid anticipation of new community developments like Disney’s Asteria. While short-term market adjustments are evident, development initiatives aim to reshape the area’s residential landscape and attract new residents in the coming years. As planning progresses, potential homebuyers and community stakeholders will be watching closely for updates on pricing, infrastructure, and environmental management.

Deeper Dive: News & Info About This Topic

HERE Resources

Additional Resources

Author: STAFF HERE VIRGINIA BEACH WRITER

VIRGINIA BEACH STAFF WRITER The VIRGINIA BEACH STAFF WRITER represents the experienced team at HEREVirginiaBeach.com, your go-to source for actionable local news and information in Virginia Beach, Virginia Beach City, 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 Virginia Beach Neptune Festival, East Coast Surfing Championship, and the American Music Festival. Our coverage extends to key organizations like the Virginia Beach Chamber of Commerce and Visit Virginia Beach, plus leading businesses in tourism and defense that power the local economy such as the Virginia Beach Convention Center and Northrop Grumman. As part of the broader HERE network, we provide comprehensive, credible insights into Virginia's dynamic landscape.

Chatham County Home Prices Decline While Disney Develops Asteria