Chatham County Home Prices and Sales Drop Significantly

Chatham County Sees Decline in Home Prices and Sales Activity in April 2025

Chatham County, GA, reported a significant decline in home sale prices and sales activity for April 2025, as indicated by newly released data from Realtor.com. The median home sale price for the month was $340,000, presenting a 6.8% decrease from the previous month’s median of $365,000. This marks a decline of 2.9% compared to April 2024, when the median home sales price stood at $350,000.

The number of recorded home sales dropped dramatically by 23.8% from April 2024, falling from 533 homes sold to 406. Total residential home sales in Chatham County for April amounted to $175.2 million, reflecting the impact of this downturn in both pricing and activity.

Statewide Trends

Statewide, Georgia mirrored similar trends, with the median home sale price remaining stable at $340,000 in April, slightly increasing from $339,999 in March. However, homes sold statewide saw a decrease of 11.9%, with 14,203 recorded sales in April compared to 16,115 in April 2024.

Data Insights

Realtor.com compiles its sales data based on real estate deeds, which may result in a delay of several months before data becomes available. It is important to note that the median price reflects the midpoint of home sales during the specified period, offering a more accurate depiction of the market than the average price. The statistics reported do not include current listings and should not be directly compared to listings data.

Market Implications

The drop in home prices and sales activity in Chatham County has raised ongoing concerns regarding affordable housing and increasing costs for potential buyers. This scenario may be contributing to the slowdown in the housing market and leading to increased apprehension among buyers and sellers alike.

Access to Local Market Trends

For those interested in following further developments in Chatham County’s housing market, additional information and trends can be accessed at data.savannahnow.com. This resource provides valuable insights for potential homebuyers and investors looking to navigate the changing landscape in real estate.

As the local market continues to adjust, trends observed in April 2025 may set the tone for the coming months and influence decisions made by prospective buyers, sellers, and real estate professionals in the region. Collectively, these patterns reflect current economic conditions and may either ease or exacerbate challenges in home affordability within the community.