Chapel Hill Market Report
$817,760
AVERAGE PRICE OF 318 HOMES$982,699
AVERAGE PRICE OF 95 NEWLY BUILT HOMES$973,933
AVERAGE PRICE OF 3 DISTRESSED HOMES$1,766,373
AVERAGE PRICE OF 79 MULTI-MILLION DOLLAR HOMES$911,299
AVERAGE PRICE OF 78 HOMES WITH A POOL$1,029,978
AVERAGE PRICE OF 9 REDUCED PRICE HOMESAverage Home
| Average Price | $817,760 |
| Avg Bedrooms | 2.06 beds |
| Avg Bathrooms | 2.2 baths |
Average Price by Bedrooms
| 1 bedroom | $450,000 |
| 2 bedrooms | $446,064 |
| 3 bedrooms | $605,892 |
| 4 bedrooms | $977,900 |
| 5 bedrooms | $1,330,402 |
Chapel Hill Home Price Trends
| 1/2023 | 12/2022 | 11/2022 | 10/2022 | 9/2022 | |
|---|---|---|---|---|---|
| Total Listings | 306 | 350 | 429 | 461 | 458 |
| Average Price | $831,251 | $848,053 | $823,147 | $810,769 | $773,942 |
| Avg Price Change | -2.02% | +3.03% | +1.53% | +4.76% | -1.11% |
| Median Price | $660,146 | $659,546 | $666,653 | $666,332 | $636,969 |
| Med Price Change | +0.09% | -1.08% | +0.05% | +4.61% | +0.29% |
| Avg Bedrooms | 2.31 beds | 2.37 beds | 1.94 beds | 2.05 beds | 2.78 beds |
| Avg Bathrooms | 2.45 baths | 2.51 baths | 2.07 baths | 2.18 baths | 2.88 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Cedar Ridge | 26 | $479,092 | 154 days |
| Chapel Hill | 38 | $513,029 | 532 days |
| East Chapel Hill | 49 | $952,548 | 85 days |
| Northwood | 62 | $679,159 | 100 days |
| Other High School | 1 | $939,000 | 521 days |
| Seaforth | 105 | $838,448 | 109 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 318 | $817,760 | 350 days |
| Newly Built Homes | 95 | $982,699 | 100 days |
| Distressed Homes | 3 | $973,933 | 30 days |
| Multi-Million Dollar Homes | 79 | $1,766,373 | 126 days |
| Homes with a Pool | 78 | $911,299 | 107 days |
| Reduced Price Homes | 9 | $1,029,978 | 106 days |
