CHAPEL HILL AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 155 sold this month in Chapel Hill Area Real Estate versus 119 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 1% versus May 2024.

Versus last year, the total number of homes available this month is higher by 139 units or 59%. The total number of active inventory this May was 374 compared to 235 in May 2024. This month's total of 374 is higher than the previous month's total supply of available inventory of 315, an increase of 19%.

Last May, the median sale price for Chapel Hill Area Homes was $694,750. This May, the median sale price was approximately the same at $635,000. The current median sold price is 9% lower than in May 2024.

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

In May, there was 2.4 months of supply available in Chapel Hill Area, compared to 1.5 in May 2024. That is an increase of 58% 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 241 homes newly listed for sale in Chapel Hill Area compared to 194 in May 2024, an increase of 24%. There were 152 current contracts pending sale this May compared to 135 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in Chapel Hill Area was 100.2% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 21, lower than the average last year, which was 26, a decrease of 19%.





FOCUS ON: CHAPEL HILL AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27510, 27514, 27516 and 27517
Units Sold 155	Active Inventory 374	Median Sale Price $635,000	Days On Market 21

Up 1% Vs. Year Ago	Up 59% Vs. Year Ago	Down -9% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 155 sold this month in Chapel Hill Area Real Estate versus 119 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 1% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 139 units or 59%. The total number of active inventory this May was 374 compared to 235 in May 2024. This month's total of 374 is higher than the previous month's total supply of available inventory of 315, an increase of 19%.
		Median Sale Price Last May, the median sale price for Chapel Hill Area Homes was $694,750. This May, the median sale price was approximately the same at $635,000. The current median sold price is 9% lower than in May 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 241	Current Contracts 152	Sold Vs. List Price 100.2%	Months of Supply 2.4

Up 24% Vs. Year Ago	Up 13% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 58% Vs. Year Ago


		Months of Supply In May, there was 2.4 months of supply available in Chapel Hill Area, compared to 1.5 in May 2024. That is an increase of 58% 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 241 homes newly listed for sale in Chapel Hill Area compared to 194 in May 2024, an increase of 24%. There were 152 current contracts pending sale this May compared to 135 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Chapel Hill Area was 100.2% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 21, lower than the average last year, which was 26, a decrease of 19%.


	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.