Is Chapel Hill, NC a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Chapel Hill is a seller'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



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in Chapel Hill have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $150K$252K
2 $227K$275K
3 $425K$457K
4 $650K$750K
5+ $755K$1.0M

Median Sold Price Compared To Nearby Cities

Chapel Hill
Triangle Township
Chapel Hill Township

How many homes are available in Chapel Hill, NC?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 04
2 2325
3 5975
4 4556
5+ 3945

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Feb 2023%
41 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chapel Hill are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Chapel Hill, NC

There are 205 homes are for sale in Chapel Hill, NC real estate market. Between January 2023 and February 2023, Chapel Hill, NC real estate market has seen increase in the number of listings by 23.5%. Listings spent 33 days on the market in February 2023, and had a median list price of $549,200 during the same period. Real estate listing prices changed between January 2023 and February 2023: the cost of 1 bedroom properties went up by 68%, 2 bedrooms properties became 21.1% more expensive, 3 bedrooms properties became 7.5% more expensive, prices of 4 bedrooms properties went up by 15.4%, the cost of 5 bedrooms properties went up by 35.8%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes went up by 8.7%, the quantity of 3 bedrooms homes went up by 27.1%, 4 bedrooms homes became 24.4% more available, 5 bedrooms homes inventory increased by 15.4%. Over 12 listings were sold over their listed price in February 2023 in Chapel Hill, NC. In the same period over 33 listings were sold below the listed price and 12 listings were sold for the listed price.

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