WEST CHAPEL HILL AND CARRBORO AREA HOUSING MARKET DATA

There was an increase in total units sold in July, with 64 sold this month in West Chapel Hill and Carrboro Area Real Estate versus 58 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 10% versus July 2024.

Versus last year, the total number of homes available this month is higher by 66 units or 54%. The total number of active inventory this July was 188 compared to 122 in July 2024. This month's total of 188 is lower than the previous month's total supply of available inventory of 202, a decrease of 7%.

Last July, the median sale price for West Chapel Hill and Carrboro Area Homes was $605,000. This July, the median sale price was $587,500, a decrease of 3% or $17,500 compared to last year. The current median sold price is 14% lower than in June.

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 2.9 months of supply available in West Chapel Hill and Carrboro Area, compared to 2.1 in July 2024. That is an increase of 40% 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 69 homes newly listed for sale in West Chapel Hill and Carrboro Area compared to 58 in July 2024, an increase of 19%. There were 49 current contracts pending sale this July compared to 37 a year ago. The number of current contracts is 32% higher than last July.

In July, the average sale price in West Chapel Hill and Carrboro Area was 98.6% 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 29, higher than the average last year, which was 22, an increase of 32%.





FOCUS ON: WEST CHAPEL HILL AND CARRBORO AREA HOUSING MARKET			JULY 2025

Zip Code(s): 27516 and 27510
Units Sold 64	Active Inventory 188	Median Sale Price $587,500	Days On Market 29

Up 10% Vs. Year Ago	Up 54% Vs. Year Ago	Down -3% Vs. Year Ago	Up 32% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 64 sold this month in West Chapel Hill and Carrboro Area Real Estate versus 58 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 10% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 66 units or 54%. The total number of active inventory this July was 188 compared to 122 in July 2024. This month's total of 188 is lower than the previous month's total supply of available inventory of 202, a decrease of 7%.
		Median Sale Price Last July, the median sale price for West Chapel Hill and Carrboro Area Homes was $605,000. This July, the median sale price was $587,500, a decrease of 3% or $17,500 compared to last year. The current median sold price is 14% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 69	Current Contracts 49	Sold Vs. List Price 98.6%	Months of Supply 2.9

Up 19% Vs. Year Ago	Up 32% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 40% Vs. Year Ago


		Months of Supply In July, there was 2.9 months of supply available in West Chapel Hill and Carrboro Area, compared to 2.1 in July 2024. That is an increase of 40% 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 69 homes newly listed for sale in West Chapel Hill and Carrboro Area compared to 58 in July 2024, an increase of 19%. There were 49 current contracts pending sale this July compared to 37 a year ago. The number of current contracts is 32% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in West Chapel Hill and Carrboro Area was 98.6% 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 29, higher than the average last year, which was 22, an increase of 32%.


	West Chapel Hill and Carrboro Area are defined as properties listed in zip code/s 27516 and 27510.
	*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.