Is Chapel Hill Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chapel Hill Township has remained a Seller's Market.
Housing Prices in Chapel Hill Township, NC
How much do homes in Chapel Hill Township, NC cost?
Median Sold Price
$650,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chapel Hill Township was $650,000 in March 2024, up 8.8% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $280K | +5.7% |
2 Bedrooms | $295.5K | $315K | +6.6% |
3 Bedrooms | $504K | $535.3K | +6.2% |
4 Bedrooms | $730.5K | $784K | +7.3% |
5+ Bedrooms | $910K | $985K | +8.2% |
Summary: Chapel Hill Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
Carrboro | $525K | $572.5K | +9.0% |
Chapel Hill Township | $597.6K | $650K | +8.8% |
Chapel Hill | $606.8K | $659.6K | +8.7% |
Triangle Township | $424.9K | $435.3K | +2.4% |
Durham Township | $406K | $410.7K | +1.2% |
Housing Supply in Chapel Hill Township, NC
How many homes are available in Chapel Hill Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
361 | 405 | +12.2% |
Summary: The Chapel Hill Township real estate market had 405 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 45 | 57 | +26.7% |
3 Bedrooms | 115 | 116 | +0.9% |
4 Bedrooms | 118 | 129 | +9.3% |
5+ Bedrooms | 69 | 88 | +27.5% |
Summary: The Chapel Hill Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 27.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 96 | +20.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Chapel Hill Township in March 2024, up by 20.0% month-over-month. Of the 96 sold homes, 33% were sold under asking, 11% were sold at asking, and 55% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
108 Days | 56 Days | -47.5% |
Summary: Homes in Chapel Hill Township had an average of 56 days on market in Mar 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 96 homes were sold in Chapel Hill Township; 28% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.