CHAPEL HILL AREA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 99 sold this month in Chapel Hill Area Real Estate versus 125 last month, a decrease of 21%. This month's total units sold was higher than at this time last year, an increase of 6% versus August 2024.

Versus last year, the total number of homes available this month is higher by 121 units or 47%. The total number of active inventory this August was 377 compared to 256 in August 2024. This month's total of 377 is lower than the previous month's total supply of available inventory of 396, a decrease of 5%.

Last August, the median sale price for Chapel Hill Area Homes was $760,000. This August, the median sale price was $635,000, a decrease of 16% or $125,000 compared to last year. The current median sold price is 5% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 3.8 months of supply available in Chapel Hill Area, compared to 2.8 in August 2024. That is an increase of 38% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 142 homes newly listed for sale in Chapel Hill Area compared to 131 in August 2024, an increase of 8%. There were 105 current contracts pending sale this August compared to 90 a year ago. The number of current contracts is 17% higher than last August.

In August, the average sale price in Chapel Hill Area was 98.4% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 35, higher than the average last year, which was 33, an increase of 6%.





FOCUS ON: CHAPEL HILL AREA HOUSING MARKET			AUGUST 2025

Zip Code(s): 27510, 27514, 27516 and 27517
Units Sold 99	Active Inventory 377	Median Sale Price $635,000	Days On Market 35

Up 6% Vs. Year Ago	Up 47% Vs. Year Ago	Down -16% Vs. Year Ago	Up 6% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 99 sold this month in Chapel Hill Area Real Estate versus 125 last month, a decrease of 21%. This month's total units sold was higher than at this time last year, an increase of 6% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 121 units or 47%. The total number of active inventory this August was 377 compared to 256 in August 2024. This month's total of 377 is lower than the previous month's total supply of available inventory of 396, a decrease of 5%.
		Median Sale Price Last August, the median sale price for Chapel Hill Area Homes was $760,000. This August, the median sale price was $635,000, a decrease of 16% or $125,000 compared to last year. The current median sold price is 5% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 142	Current Contracts 105	Sold Vs. List Price 98.4%	Months of Supply 3.8

Up 8% Vs. Year Ago	Up 17% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 39% Vs. Year Ago


		Months of Supply In August, there was 3.8 months of supply available in Chapel Hill Area, compared to 2.8 in August 2024. That is an increase of 38% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 142 homes newly listed for sale in Chapel Hill Area compared to 131 in August 2024, an increase of 8%. There were 105 current contracts pending sale this August compared to 90 a year ago. The number of current contracts is 17% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Chapel Hill Area was 98.4% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 35, higher than the average last year, which was 33, an increase of 6%.


	Chapel Hill Area are defined as properties listed in zip code/s 27510, 27514, 27516 and 27517.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.