Is Chapel Hill, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, Chapel Hill has remained a Seller's Market.
Key Takeaway
Chapel Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Chapel Hill, NC cost?
Median Sold Price
$549,200
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$70,734(+14.8%)
Key Takeaway
Homes in Chapel Hill have sold for 14.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $150K | $252K | +68.0% |
| 2 Bedrooms | $227K | $275K | +21.1% |
| 3 Bedrooms | $425K | $457K | +7.5% |
| 4 Bedrooms | $650K | $750K | +15.4% |
| 5+ Bedrooms | $755K | $1.0M | +35.8% |
Median Sold Price Compared To Nearby Cities
| Chapel Hill | $478.4K | $549.2K | +14.8% |
| Triangle Township | $371.4K | $421.4K | +13.5% |
| Durham | $351.9K | $395K | +12.2% |
| Chapel Hill Township | $515K | $567K | +10.1% |
| Carrboro | $537.5K | $529.5K | -1.5% |
How many homes are available in Chapel Hill, NC?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 166 | 205 | +23.5% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 4 | +100.0% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 59 | 75 | +27.1% |
| 4 Bedrooms | 45 | 56 | +24.4% |
| 5+ Bedrooms | 39 | 45 | +15.4% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 25 | 58 | +132.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chapel Hill, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 41 Days | 33 Days | -17.5% |
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chapel Hill are selling fast, if you're buying plan to act quickly.
Copyright © 2023 Triangle MLS, Inc. of North Carolina. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2023 Longleaf Pine REALTORS®, Inc. All rights reserved.
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