Is Chapel Hill, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chapel Hill has remained a Seller's Market.
Housing Prices in Chapel Hill, OH
How much do homes in Chapel Hill, OH cost?
Median Sold Price
$124,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chapel Hill was $124,500 in May 2024, up 8.7% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $23.5K | - | N/A |
2 Bedrooms | $91.5K | $57K | -37.7% |
3 Bedrooms | $119K | $124.5K | +4.6% |
4 Bedrooms | $145K | $169.5K | +16.9% |
5+ Bedrooms | $380K | - | N/A |
Summary: Chapel Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
North Hill | $100K | $115K | +15.0% |
Elizabeth Park Valley | $100K | $110.5K | +10.5% |
Chapel Hill | $114.5K | $124.5K | +8.7% |
Housing Supply in Chapel Hill, OH
How many homes are available in Chapel Hill, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The Chapel Hill real estate market had 13 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chapel Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Chapel Hill in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Chapel Hill, OH
How long does it take to sell a home in Chapel Hill, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
91 Days | 14 Days | -83.9% |
Summary: Homes in Chapel Hill had an average of 14 days on market in May 2024, down by 83.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Chapel Hill; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.