$1,948 Closing Credit*
$164,000
892 SqFt
2 Beds
•1 Full Bath, 1 Partial
Bill Stevenson, Listing Office: Compass -- Chapel Hill - Durham
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 October 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
$653,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,203(+2.9%)
Key Takeaway
Homes in Chapel Hill Township have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Chapel Hill Township was $653,000 in October 2024, up 2.9% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $340.3K | +21.6% |
| 2 Bedrooms | $305.5K | $326.5K | +6.9% |
| 3 Bedrooms | $542.2K | $550K | +1.4% |
| 4 Bedrooms | $755K | $836.3K | +10.8% |
| 5+ Bedrooms | $990K | $1.0M | +2.8% |
Summary: Chapel Hill Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Carrboro | $572.5K | $610K | +6.6% |
| Triangle Township | $424.7K | $446.1K | +5.1% |
| Chapel Hill | $649.8K | $679.2K | +4.5% |
| Durham Township | $405K | $421.7K | +4.1% |
| Chapel Hill Township | $634.7K | $653K | +2.9% |
Housing Supply in Chapel Hill Township, NC
How many homes are available in Chapel Hill Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 402 | 423 | +5.2% |
Summary: The Chapel Hill Township real estate market had 423 homes for sale in October 2024, a 5.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 58 | 61 | +5.2% |
| 3 Bedrooms | 146 | 139 | -4.8% |
| 4 Bedrooms | 133 | 143 | +7.5% |
| 5+ Bedrooms | 55 | 67 | +21.8% |
Summary: The Chapel Hill Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 21.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 89 | -1.1% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
26 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. 53.9% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Chapel Hill Township in October 2024, down by 1.1% month-over-month. Of the 89 sold homes, 54% were sold under asking, 17% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 39 Days | -27.5% |
Summary: Homes in Chapel Hill Township had an average of 39 days on market in Oct 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
8 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 October 2024, 89 homes were sold in Chapel Hill Township; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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