CHAPEL HILL AREA HOUSING MARKET DATA

There was a decrease in total units sold in April, with 119 sold this month in Chapel Hill Area Real Estate versus 129 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 5% versus April 2024.

Versus last year, the total number of homes available this month is higher by 108 units or 54%. The total number of active inventory this April was 307 compared to 199 in April 2024. This month's total of 307 is higher than the previous month's total supply of available inventory of 245, an increase of 25%.

Last April, the median sale price for Chapel Hill Area Homes was $605,000. This April, the median sale price was $632,000, an increase of 4% or $27,000 compared to last year. The current median sold price is 9% higher than in March.

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

In April, there was 2.6 months of supply available in Chapel Hill Area, compared to 1.8 in April 2024. That is an increase of 46% 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 228 homes newly listed for sale in Chapel Hill Area compared to 171 in April 2024, an increase of 33%. There were 142 current contracts pending sale this April compared to 133 a year ago. The number of current contracts is 7% higher than last April.

In April, the average sale price in Chapel Hill Area was 100.7% 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 28, higher than the average last year, which was 18, an increase of 56%.





FOCUS ON: CHAPEL HILL AREA HOUSING MARKET			APRIL 2025

Zip Code(s): 27510, 27514, 27516 and 27517
Units Sold 119	Active Inventory 307	Median Sale Price $632,000	Days On Market 28

Up 5% Vs. Year Ago	Up 54% Vs. Year Ago	Up 4% Vs. Year Ago	Up 56% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 119 sold this month in Chapel Hill Area Real Estate versus 129 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 5% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 108 units or 54%. The total number of active inventory this April was 307 compared to 199 in April 2024. This month's total of 307 is higher than the previous month's total supply of available inventory of 245, an increase of 25%.
		Median Sale Price Last April, the median sale price for Chapel Hill Area Homes was $605,000. This April, the median sale price was $632,000, an increase of 4% or $27,000 compared to last year. The current median sold price is 9% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 228	Current Contracts 142	Sold Vs. List Price 100.7%	Months of Supply 2.6

Up 33% Vs. Year Ago	Up 7% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 47% Vs. Year Ago


		Months of Supply In April, there was 2.6 months of supply available in Chapel Hill Area, compared to 1.8 in April 2024. That is an increase of 46% 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 228 homes newly listed for sale in Chapel Hill Area compared to 171 in April 2024, an increase of 33%. There were 142 current contracts pending sale this April compared to 133 a year ago. The number of current contracts is 7% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Chapel Hill Area was 100.7% 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 28, higher than the average last year, which was 18, an increase of 56%.


	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.