Chaparral Real Estate Market Summary – December 2024

Market Overview

• Total Residential Benchmark Price: $656,000 (+4.2% Year-over-Year)

• Total Sales: 15 (+67% Y/Y)

• New Listings: 9 (+80% Y/Y)

• Inventory: 9 (+13% Y/Y)

• Months of Supply: 0.60 months (indicating a strong seller’s market)

December saw a notable increase in sales activity (+67% Y/Y), despite a rise in inventory (+13%). The months of supply remained low at 0.60, signaling strong demand and a seller-favored market.

Market Trends:

• Detached Homes

  • Benchmark Price: $731,600 (+9% Y/Y)

  • Sales: 9 (+50% Y/Y)

  • Months of Supply: 1.40

  • Inventory: 5 (+150% Y/Y)

• Semi-Detached Homes

  • Benchmark Price: $599,300 (+10% Y/Y)

  • Sales: 1 (unchanged)

  • Inventory: 1 (unchanged)

• Row Homes

  • Benchmark Price: $476,400 (+4.2% Y/Y)

  • Sales: 3 (+200% Y/Y)

  • Inventory: 2 (unchanged)

• Apartments

  • Benchmark Price: $326,200 (+8.1% Y/Y)

  • Sales: 2 (+100% Y/Y)

  • Inventory: 1

2024 Annual Market Summary for Chaparral

• Total Residential Sales in 2024: 204 (-3% Y/Y)

• New Listings: 241 (+3% Y/Y)

• Benchmark Price: $665,308 (+8.9% Y/Y)

• Median Price: $675,000 (+8% Y/Y)

• Average Price: $675,909 (+11.8% Y/Y)

• Sales-to-New-Listings Ratio: 0.85 (Balanced Market)

In 2024, Chaparral experienced steady price growth (+8.9%), fueled by strong demand for detached homes. Sales remained relatively stable, with only a slight decline (-3%). The inventory increase (+3%) suggests a more balanced market in 2025.

Comparable Market Insight:

Benchmark Prices Comparison (Dec 2024):

• Chaparral: $656,000

• Walden: $619,500

• Legacy: $607,200

• Wolf Willow: $580,900

Chaparral continues to lead in home values compared to nearby communities, reflecting its mature market, established amenities, and lake access appeal.

Sales Activity (Dec 2024):

• Chaparral: 15 sales (+67% Y/Y)

• Walden: 10 sales (-20% Y/Y)

• Legacy: 18 sales (+12% Y/Y)

• Wolf Willow: 22 sales (+40% Y/Y)

Wolf Willow and Legacy saw stronger sales growth compared to Chaparral, likely due to newer developments and affordability.

Conclusion & Outlook for 2025

• Chaparral remains a top choice for buyers seeking an established, family-friendly community with lake access and strong home values.

• Affordability in nearby communities (Walden, Legacy, and Wolf Willow) may shift demand, but Chaparral’s premium status and amenities will continue to attract buyers.

• A balanced market is expected in 2025, with price growth stabilizing and inventory levels increasing.

• Walden and Legacy offer growing competition as they attract buyers seeking affordability and newer homes.

• Wolf Willow’s rapid growth may pressure prices in surrounding areas, but Chaparral’s established market position should maintain its value strength.