Introduction to Chatsworth, GA Real Estate Market

Welcome to Chatsworth, GA, a charming and rapidly evolving market in the realm of real estate. Nestled in the picturesque landscapes of Georgia, Chatsworth offers a unique blend of small-town charm with the convenience of modern amenities. As we delve into the current real estate trends, you'll find that whether you're a first-time homebuyer or a seasoned investor, understanding the dynamics of this market is key to making informed decisions.

Median Home Prices and Market Trends

Recent Home Pricing Trends

In the ever-changing landscape of Chatsworth's real estate market, keeping up with the latest pricing trends is crucial. As of March 2023, the median home price stood at $255.5K, marking an 11.1% increase from the previous year. This growth trend is mirrored in the median listing price per square foot, which reached $166. Notably, the median home sold price also saw an uptick, arriving at $259K.

Chartsworth GA Home — Chatsworth GA Homes

Year-over-Year Market Dynamics

The Chatsworth market has been witnessing significant fluctuations. In July 2023, for instance, home prices soared by 28.6% compared to the previous year, settling at a median price of $290K. This rise in value is accompanied by a shift in how quickly homes are selling. On average, properties spent just 30 days on the market, a steep decline from the 61 days observed in the preceding year. These figures underscore a growing demand and a competitive market environment.

This upward trajectory in home values continued throughout the year. In November 2023, the median home sold price further escalated to $262,000, indicating a 23% jump from the last year. The median price per square foot also followed this trend, reaching $162.

The market's competitiveness is further highlighted by the fact that in October 2023, the median sale price of a home in Chatsworth shot up to $301K, a striking 46.8% increase since the previous year.

These statistics paint a picture of a robust and dynamic real estate market in Chatsworth, GA. With prices on the rise and homes selling faster than before, it's an opportune time for sellers to capitalize on the market's momentum. For buyers, while the competition might be stiff, the market offers a diverse range of properties that cater to various preferences and budgets.

Home Sale Dynamics in Chatsworth, GA

Average Days on Market and Comparison to Previous Years

When it comes to the pace of the real estate market in Chatsworth, things have been moving rather swiftly. Homes here have been selling faster than in previous years. For instance, the average home in Chatsworth now sells after about 26 to 30 days on the market, a significant decrease from the 61 to 81 days observed in earlier years. This quicker turnaround time indicates a robust buyer interest and a competitive market environment, where listings don’t sit long before catching a buyer’s eye.

Number of Homes Sold in Recent Months

Digging into the specifics, the number of homes sold in Chatsworth also tells an interesting story. In July 2023, there were 14 homes sold, down slightly from 17 in the previous year. Similarly, in October 2023, the number of homes sold was 11, a modest drop from 13 last year. These figures, although showing a slight decrease in the number of transactions, reflect a market where demand remains strong.

Chatsworth Homebuyer and Seller Trends

Selling Above List Price and Sale-to-List Price Ratio

In the Chatsworth real estate market, pricing strategies and sale outcomes have shown some intriguing trends. A notable 9.1% of homes sold above the list price, though this was a decrease from the previous year. The sale-to-list price ratio stood at 95.1%, a slight decrease year-over-year, indicating that most homes sell close to their asking price, a sign of a healthy, balanced market.

Homebuyer Search Trends Within and Outside Chatsworth

The movement of homebuyers provides insights into the market's dynamics. A fascinating trend has been observed where 30% of Chatsworth homebuyers looked to move out of the area, while a significant 70% preferred to stay within the metropolitan area. This trend highlights Chatsworth’s appeal to its residents, who often choose to relocate within the area, seeking different homes while remaining in the familiar surroundings of this vibrant community.

Architectural Styles and Home Features in Chatsworth

Common Architectural Styles in Chatsworth

Chatsworth, GA, showcases a variety of architectural styles, with a particular emphasis on Traditional designs. This style, known for its classic and timeless appeal, is prevalent in the residential areas. Homes in Chatsworth, established around 1998, commonly feature hard-coat stucco and cement exterior finishes, blending durability with aesthetic appeal.

Typical Features in Chatsworth Homes

Inside these homes, you'll often find kitchens equipped with modern amenities like wine racks and stone countertops, adding a touch of luxury and functionality. The master bathrooms frequently boast Whirlpool tubs, vaulted ceilings, and soaking tubs, providing a spa-like experience. These interior features, combined with the traditional architectural style, make Chatsworth homes both comfortable and stylish.

Chatsworth Property Sizes and Prices per Square Foot

In Chatsworth, property sizes and pricing per square foot vary, offering options for different budgets and preferences. The average price per square foot in recent times has been around $116, reflecting the market's balance of value and quality. With the average home selling for around $588,000, Chatsworth presents a range of residential choices that cater to various lifestyles. Whether you're looking for a spacious family home or a cozy retreat, the Chatsworth real estate market has something to offer for everyone.

Chatsworth's Environmental Risk Factors

Flooding Risks in Chatsworth

In Chatsworth, homeowners should be aware of certain environmental factors, such as the risk of flooding. Approximately 270 properties in the area are likely to be severely affected by flooding over the next 30 years. This represents about 17% of all properties in Chatsworth. While the flood risk is increasing, it's at a slower pace compared to the national average.

Wildfire Risks

Another environmental consideration is the risk of wildfires. In Chatsworth, there are around 1,891 properties, which is about 90% of all properties, that have some risk of being affected by wildfires over the next 30 years.

Climate Change Impact on Chatsworth

Projected Increase in Hot Days

Climate change is also expected to impact Chatsworth significantly. Over the next 30 years, the number of days with temperatures exceeding 106 ºF is projected to increase by 157%. This year, Chatsworth is expected to experience 6 hot days, but this number could rise to 18 days in three decades. This increase in extreme heat days could have implications for how homes are built and maintained, making features like air conditioning and energy-efficient design more important than ever.

Chatsworth's Education and Community Amenities

Chatsworth, GA, is not just about beautiful homes and a dynamic real estate market; it's also a community rich in educational and recreational amenities. The area boasts a range of educational institutions, catering to the needs of families and ensuring a solid educational foundation for the youth. In addition to schools, Chatsworth offers various community amenities like parks, recreational centers, and public spaces that enhance the quality of life for its residents.

Exploring Chatsworth's Real Estate Opportunities

For those interested in diving into the Chatsworth real estate market, there's a wealth of opportunities. From traditional homes with modern interiors to properties that cater to a variety of lifestyles and budgets, Chatsworth is a market brimming with potential. Buyers and sellers alike can find value in this vibrant real estate landscape, guided by the latest market trends and environmental considerations.

In summary, Chatsworth, GA, presents a fascinating real estate landscape, characterized by a robust market, diverse architectural styles, and properties that cater to various preferences. With its blend of modern amenities, environmental considerations, and community-oriented living, Chatsworth stands out as a desirable location for homeowners and investors alike. Whether you're seeking a family home, an investment property, or a cozy retreat, Chatsworth offers a dynamic and welcoming community to call home.

Chatsworth GA Homes for Sale