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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chapel Hill Township is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Chapel Hill Township has remained a Seller's Market.

Key Takeaway

Chapel Hill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chapel Hill Township, NC

How much do homes in Chapel Hill Township, NC cost?

Median Sold Price

$644,690

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$25,052(+4.0%)

Key Takeaway

Homes in Chapel Hill Township have sold for 4% more than they did a year ago.

Summary: The median home sold price in Chapel Hill Township was $644,690 in June 2024, up 4% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $280K$330.1K
+17.9%
2 $291K$323.7K
+11.3%
3 $510.6K$549.4K
+7.6%
4 $735K$796K
+8.3%
5+ $910K$985K
+8.2%

Summary: Chapel Hill Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Cities

Carrboro
+12.1%
Triangle Township
+5.6%
Chapel Hill Township
+4.0%
Durham Township
+3.7%
Chapel Hill
+3.3%

Housing Supply in Chapel Hill Township, NC

How many homes are available in Chapel Hill Township, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
494458-7.3%

Summary: The Chapel Hill Township real estate market had 458 homes for sale in June 2024, a 7.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1212
0.0%
2 6759
-11.9%
3 161146
-9.3%
4 160148
-7.5%
5+ 9493
-1.1%

Summary: The Chapel Hill Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.9%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 1.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
154114-26.0%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chapel Hill Township, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.

Summary: A total of 114 homes were sold or pending in Chapel Hill Township in June 2024, down by 26.0% month-over-month. Of the 114 sold homes, 43% were sold under asking, 12% were sold at asking, and 45% were sold over asking.

Days on Market for Chapel Hill Township, NC

How long does it take to sell a home in Chapel Hill Township, NC?

Average Sale Time

Jun 2023Jun 2024CHANGE
64 Days21 Days-66.7%

Summary: Homes in Chapel Hill Township had an average of 21 days on market in Jun 2024, down by 66.7% compared to last year.

Breakdown of Home Sale Times

89 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 114 homes were sold in Chapel Hill Township; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

Newest Listings in Chapel Hill Township, NC

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