$299,000
6.90 Acres
Land
Terri Turner, Listing Office: Weaver Street Realty & Auction
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 November 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
$659,678
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,678(+3.2%)
Key Takeaway
Homes in Chapel Hill Township have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Chapel Hill Township was $659,678 in November 2024, up 3.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296K | $325K | +9.8% |
| 2 Bedrooms | $305.3K | $327K | +7.1% |
| 3 Bedrooms | $541K | $550K | +1.7% |
| 4 Bedrooms | $761.1K | $850.1K | +11.7% |
| 5+ Bedrooms | $975.5K | $1.0M | +5.1% |
Summary: Chapel Hill Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Carrboro | $570K | $610K | +7.0% |
| Chapel Hill | $649.8K | $685.3K | +5.5% |
| Triangle Township | $425.2K | $442.4K | +4.1% |
| Durham Township | $406.3K | $421K | +3.6% |
| Chapel Hill Township | $639K | $659.6K | +3.2% |
Housing Supply in Chapel Hill Township, NC
How many homes are available in Chapel Hill Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 412 | 375 | -9.0% |
Summary: The Chapel Hill Township real estate market had 375 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 56 | 58 | +3.6% |
| 3 Bedrooms | 140 | 124 | -11.4% |
| 4 Bedrooms | 144 | 127 | -11.8% |
| 5+ Bedrooms | 62 | 54 | -12.9% |
Summary: The Chapel Hill Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 12.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 75 | -21.1% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chapel Hill Township, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Chapel Hill Township in November 2024, down by 21.1% month-over-month. Of the 75 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 32 Days | -45.5% |
Summary: Homes in Chapel Hill Township had an average of 32 days on market in Nov 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chapel Hill Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 75 homes were sold in Chapel Hill Township; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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