CHAPEL HILL AREA HOUSING MARKET DATA

There was an increase in total units sold in March, with 129 sold this month in Chapel Hill Area Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 56 units or 32%. The total number of active inventory this March was 230 compared to 174 in March 2024. This month's total of 230 is higher than the previous month's total supply of available inventory of 191, an increase of 20%.

Last March, the median sale price for Chapel Hill Area Homes was $717,500. This March, the median sale price was $580,000, a decrease of 19% or $137,500 compared to last year. The current median sold price is 1% lower than in February.

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

In March, there was 1.8 months of supply available in Chapel Hill Area, compared to 1.6 in March 2024. That is an increase of 11% 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 229 homes newly listed for sale in Chapel Hill Area compared to 151 in March 2024, an increase of 52%. There were 168 current contracts pending sale this March compared to 139 a year ago. The number of current contracts is 21% higher than last March.

In March, the average sale price in Chapel Hill Area was 99.9% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 41, lower than the average last year, which was 49, a decrease of 16%.





FOCUS ON: CHAPEL HILL AREA HOUSING MARKET			MARCH 2025

Zip Code(s): 27510, 27514, 27516 and 27517
Units Sold 129	Active Inventory 230	Median Sale Price $580,000	Days On Market 41

Up 19% Vs. Year Ago	Up 32% Vs. Year Ago	Down -19% Vs. Year Ago	Down -16% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 129 sold this month in Chapel Hill Area Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 56 units or 32%. The total number of active inventory this March was 230 compared to 174 in March 2024. This month's total of 230 is higher than the previous month's total supply of available inventory of 191, an increase of 20%.
		Median Sale Price Last March, the median sale price for Chapel Hill Area Homes was $717,500. This March, the median sale price was $580,000, a decrease of 19% or $137,500 compared to last year. The current median sold price is 1% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 229	Current Contracts 168	Sold Vs. List Price 99.9%	Months of Supply 1.8

Up 52% Vs. Year Ago	Up 21% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 11% Vs. Year Ago


		Months of Supply In March, there was 1.8 months of supply available in Chapel Hill Area, compared to 1.6 in March 2024. That is an increase of 11% 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 229 homes newly listed for sale in Chapel Hill Area compared to 151 in March 2024, an increase of 52%. There were 168 current contracts pending sale this March compared to 139 a year ago. The number of current contracts is 21% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Chapel Hill Area was 99.9% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 41, lower than the average last year, which was 49, a decrease of 16%.


	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.