New Home Tips, Trends, and Ideas - Raleigh Custom Home Builders

How Much Do New Homes Cost? | Orange Vs Chatham County Homes

Posted by Penn Hull on Thu, Oct 13, 2016 @ 13:10 PM

Cost to Build a New Home - Trends in the Triangle Parade of Homes 2016:

What do new homes cost to build in Orange and Chatham County NC ? The Triangle Parade of Homes can be a big indicator of new home construction cost, especially when comparing different counties. 

Where do new homes cost less to build? We've analyzed the data, and here's what we found:

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New Home Prices in Orange and Chatham County

While the Parade of Homes does not represent all new homes available, it can be a good indicator of overall market trends.  

Price Points for New Home Construction

  • In both counties, the $400-600K price range was most popular for Parade of Homes entries, followed by the $600-800K and Under $400K ranges.  

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For 2016 Parade of Homes entries in Orange and Chatham County:

Average Home Cost in Orange County: $609,216 

Average Sq Ft in Orange County: 3457

Average Price Per Sq Ft in Orange County: $176

Lowest Cost Home = $339,950; Highest Cost Home = $1,100,000 

 

Average Home Cost in Chatham County: $578,565

Average Sq Ft in Chatham County: 3384

Average Price Per Sq Ft in Chatham County: $171

Lowest Cost Home = $316,510; Highest Cost Home = $1,290,000

 

Why do these New Homes Cost More in Orange County?

The cost of new homes is based on a wide range of factors, from the cost of the land the home is built on to the size of the home and the finishes and features. Generally speaking, Orange County homes can cost a bit more, depending on where in the county you want to live, as land and building costs in Hillsborough and Chapel Hill tend to be a little higher than in neighboring Chatham County.  

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What does this mean for homebuyers in Orange and Chatham County?

Parade of Homes entries generally represent what price points builders believe homebuyers are looking for today. 

Find homes for sale in Chatham County, here.

Check out floor plan samples, including top-requested one story, main floor master, and two story plans, here:

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016

Find out more about features, cost, and trends in new homes in your area here:

Chatham County New Home Trends

 

These custom homes are move-in ready, or nearly available, in Chatham County. Click the address for new home cost and more information:

Brookhaven Way – 3144 Sq Ft – First Floor Guest Suite – Move-in Ready Home 

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

 


 

This is representative only of the homes featured in the Parade of Homes, and not intended to be a general indicator of the Orange County or Chatham County new home market, though Parade of Homes can be representative of overall trends.  These statistics were derived by Penny Hull from public information about Parade of Homes entries, and are copyright Stanton Homes.  The statistics calculated above represent Parade of Homes entries in Chatham County in the Briar Chapel, Chapel Ridge, Chapel Ridge Estates, Dunhill, Fieldston, The Hamptons, Harrison Pond, Henderson Place at Fearrington, Horizon, Legacy at Jordan Lake, Parks at Meadowview, Piazza at Stonewater, Vistas at Chapel Ridge, Westfall, Westfall Pines, Windfall, and Woods at Wilkerson Creek new home communities. The statistics calculated above also represent Parade of Homes entries in Chatham County in the Briar Chapel, Chapel Ridge, Chapel Ridge Estates, Dunhill, Fieldston, The Hamptons, Harrison Pond, Henderson Place at Fearrington, Horizon, Legacy at Jordan Lake, Parks at Meadowview, Piazza at Stonewater, Vistas at Chapel Ridge, Westfall, Westfall Pines, Windfall, and Woods at Wilkerson Creek new home communities. 

 

Tags: new home cost, cost per sq ft, parade of homes 2016, Chatham County New Homes, orange county new homes, Triangle Parade of Homes 2016, Chatham County Home Builders, orange county home builders