How does the housing market look in 27516? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
27516 Chapel Hill, NC
Median Sale Price
$608,070
20.1%
New Listings
60
15.5%
Number of Homes Sold
32
33.3%
Median Days on Market
7
19.0%
Market Overview
All Home Types
In the last 30 days, homes for sale in 27516, Chapel Hill, NC sold for a median price of $608,070, up 20.1% compared to the same period last year. The median price per square foot was $263.96, up 6.6% year-over-year. There were 32 homes sold, down from 48 last year.
Median
lightbulbWhat does this mean?
The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.
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Get StartedHousing Supply
All Home Types
Yesterday, the total number of homes for sale in 27516, Chapel Hill, NC was 123, down 16.3% compared to last year. In the last 30 days, 60 new homes were listed for sale, down 15.5% year-over-year. The median days on market was 6.8, up from 5.71 days last year. The months of supply was 1.69, up from 0.67 months last year.
lightbulbWhat does this mean?
The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.
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Start QuizHousing Demand
All Home Types
In the last 30 days, homes in 27516, Chapel Hill, NC had a median sale-to-list-price ratio of 100%, down 2.4 pt compared to the same period last year. 43.75% of homes sold above list price, down 18.8 pt year-over-year. 21.88% of homes listed dropped in price, up 7.3 pt from last year.
Median
lightbulbWhat does this mean?
Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.
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Cash offers are 4x more likely to be accepted.
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Get StartedHomes For Sale In 27516
EXP Realty LLC • MLS 2502710 • Status: Active
Costello Real Estate & Investments Triangle, LLC • MLS 2502662 • Status: Active
Inhabit Real Estate- Chapel Hill • MLS 2502642 • Status: Active
Fonville Morisey/Chapel Hill Sales Office • MLS 2502630 • Status: Active
Nest Realty • MLS 2502540 • Status: Active
Keller Williams Realty United • MLS 2502517 • Status: Active
Berkshire Hathaway HomeServices YSU • MLS 2502486 • Status: Active
New Village Real Estate, LLC • MLS 2502482 • Status: Active
Atomic Properties • MLS 2502409 • Status: Active
Compass -- Chapel Hill • MLS 2502290 • Status: Active
Ramsey Realtors Team Inc • MLS 2502224 • Status: Active
Fonville Morisey/Chapel Hill Sales Office • MLS 2502201 • Status: Active
Ramsey Realtors Team Inc • MLS 2502146 • Status: Active
Coldwell Banker Advantage • MLS 2502068 • Status: Active
Berkshire Hathaway HomeServices • MLS 2502058 • Status: Active
Flex Realty • MLS 2501251 • Status: Active
Fuller Land & Development • MLS 2501175 • Status: Active
Allen Tate / Durham • MLS 2501094 • Status: Active
Absolute Realty Company, LLC • MLS 2501025 • Status: Active
Northside Realty Inc. • MLS 2500874 • Status: Active