CHAPEL HILL AREA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 125 sold this month in Chapel Hill Area Real Estate versus 141 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 4% versus July 2024.

Versus last year, the total number of homes available this month is higher by 130 units or 51%. The total number of active inventory this July was 386 compared to 256 in July 2024. This month's total of 386 is lower than the previous month's total supply of available inventory of 410, a decrease of 6%.

Last July, the median sale price for Chapel Hill Area Homes was $645,000. This July, the median sale price was approximately the same at $669,000. The current median sold price is 4% higher than in July 2024.

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

In July, there was 3.1 months of supply available in Chapel Hill Area, compared to 2.1 in July 2024. That is an increase of 45% 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 136 homes newly listed for sale in Chapel Hill Area compared to 118 in July 2024, an increase of 15%. There were 97 current contracts pending sale this July compared to 77 a year ago. The number of current contracts is 26% higher than last July.

In July, the average sale price in Chapel Hill Area was 98.8% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 33, higher than the average last year, which was 23, an increase of 43%.





FOCUS ON: CHAPEL HILL AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27510, 27514, 27516 and 27517
Units Sold 125	Active Inventory 386	Median Sale Price $669,000	Days On Market 33

Up 4% Vs. Year Ago	Up 51% Vs. Year Ago	Up 4% Vs. Year Ago	Up 43% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 125 sold this month in Chapel Hill Area Real Estate versus 141 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 4% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 130 units or 51%. The total number of active inventory this July was 386 compared to 256 in July 2024. This month's total of 386 is lower than the previous month's total supply of available inventory of 410, a decrease of 6%.
		Median Sale Price Last July, the median sale price for Chapel Hill Area Homes was $645,000. This July, the median sale price was approximately the same at $669,000. The current median sold price is 4% higher than in July 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 136	Current Contracts 97	Sold Vs. List Price 98.8%	Months of Supply 3.1

Up 15% Vs. Year Ago	Up 26% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 45% Vs. Year Ago


		Months of Supply In July, there was 3.1 months of supply available in Chapel Hill Area, compared to 2.1 in July 2024. That is an increase of 45% 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 136 homes newly listed for sale in Chapel Hill Area compared to 118 in July 2024, an increase of 15%. There were 97 current contracts pending sale this July compared to 77 a year ago. The number of current contracts is 26% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Chapel Hill Area was 98.8% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 33, higher than the average last year, which was 23, an increase of 43%.


	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.