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 Amidst New Disney Development Plans
Chatham County experienced a decline in its median home sale prices in April 2025, according to recent data. The median price for homes sold in the county fell to $340,000, representing a 6.8% decrease compared to March’s median of $365,000. When compared to April 2024, this figure is down by 2.9%, with the median home sale price that month at $350,000. Overall, the county saw a significant drop in home sales volume, with a 23.8% decrease from the same month last year, decreasing from 533 to 406 sales.
Market Overview and Broader Trends
The total value of residential real estate transactions in Chatham County for April reached approximately $175.2 million. While local prices declined, the broader state of Georgia maintained a stable median home sale price of $340,000 in April, a slight increase from $339,999 in March. However, statewide real estate activity also slowed, with recorded sales decreasing by 11.9%, dropping from 16,115 in April 2024 to 14,203 in April 2025.
It is important to note that the data compiled by Realtor.com, which tracks real estate deeds, may include a lag of a few months. The median sale price is generally considered a more reliable indicator of market conditions than the average price, as it better accounts for the distribution of home values across the market.
Development Plans: Disney’s Asteria Community
In the midst of shifting market dynamics, significant new development activity is underway in Chatham County. Disney is planning to develop a community called Asteria, which will serve as the second Storyliving community in the United States, following the Cotino project in California. Developers made an initial land acquisition in March, purchasing $23.3 million worth of a 217-acre parcel, part of a larger plan to acquire a total of 1,500 acres.
The planned Asteria community will feature approximately 4,000 homes, including single-family and multi-family residences. Sales are expected to begin in 2027. The development will include a varied mix of housing types such as single-family homes, townhomes, duplexes, and quadplexes. The local Pittsboro Board of Commissioners has approved the preliminary plans for the project unanimously.
Community and Environmental Considerations
Despite approval, some concerns have been raised regarding the environment and infrastructure. Local real estate professionals and environmental groups have expressed apprehension about the development’s potential environmental impact and wastewater management. These issues highlight the ongoing balance between growth and sustainability in the region.
Design Inspiration and Community Focus
The Asteria project’s design draws inspiration from North Carolina’s native aster flower, aiming to highlight the region’s natural beauty. Disney envisions the community as a vibrant, exploration-focused area that promotes outdoor activity and connection with nature, fostering a lively atmosphere for future residents.
As of now, specific pricing for homes within the Asteria community has not been announced. The development seeks to combine Disney’s storytelling and community-building expertise with North Carolina’s scenic environment, potentially attracting new residents to the area.
Overall, while Chatham County faces a slight cooling in its residential real estate market, major developments like Disney’s Asteria project indicate ongoing growth and investment, shaping the future landscape of the region.
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 INDIANAPOLIS WRITER
INDIANAPOLIS STAFF WRITER The INDIANAPOLIS STAFF WRITER represents the experienced team at HEREIndianapolis.com, your go-to source for actionable local news and information in Indianapolis, Marion 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 Indianapolis 500, Indy Jazz Fest, and the Indiana State Fair. Our coverage extends to key organizations like the Indy Chamber and Visit Indy, plus leading businesses in motorsports and healthcare that power the local economy such as Indianapolis Motor Speedway and IU Health. As part of the broader HERE network, we provide comprehensive, credible insights into Indiana's dynamic landscape.
