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CHAPEL HILL, NC 27516

Real Estate Market Report  ·  Orange County
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 27516

Allendale · Baldwin Farm · Beechwood Cove · Briar Chapel · Caldwell Woods · Cedar Village · Chatham Development · Cottages at Stonegate · Daniel Ridge · Forest Creek · Herndon Woods · Hidden Valley · Highland Estates · Highland Forest · Oakwood · Persimmon Hill · Pleasant Hills · Polks Landing · Rangewood · Ridge Springs · Scarlet Oaks · Shotts Farm · Valley Meadow · Wilkinson Creek · Woodbrige

Market Analysis

Data as of September 2026. Source: Realtor.com.

The CHAPEL HILL, NC real estate market (27516) currently shows 248 active listings, with 71 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 61 more homes available — giving buyers more choice.

Homes are selling faster, averaging 61 days on market compared to 78 days last year.

The median listing price has fallen 0.4% year-over-year, from $623,700 to $621,000.

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Market Context

Market Context

Population: 44,697  ·  Density: 184.6/mi²  ·  Median household income: $94,354

Typical home value: $468,558  ·  Homeownership: 71.3%

Market Overview

Active Listings
248
⇧ 32.6% vs 187 last year
Pending
71
29% pending ratio
Median Price
$621,000
⇩ 0.4% vs $623,700 last year
Average Price
$838,428
⇧ 16.7% vs $718,376 last year
Days on Market
61
⇩ 21.8% vs 78 days last year

Price Per Square Foot

Median $/sqft
$290
⇧ 1.8% vs $285/sqft last year
Median Home Size
2,261 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 248 this year vs 187 last year
  • Days on market: 61 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $621,000 (-0.4% YoY)
  • Average: $838,428 (+16.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.2 miles — 1,194 listings ($777,007,148 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27516Chapel Hill, NC 275160.0 mi151$120,721,329$662,500$799,479
27514Chapel Hill, NC 275147.1 mi75$54,284,100$505,000$723,788
27340Saxapahaw, NC 273409.2 mi3$1,835,250$611,750$611,750
27253Graham, NC 2725311.4 mi177$70,793,274$386,996$399,962
27243Efland, NC 2724311.7 mi23$18,077,103$808,300$785,961
27705Durham, NC 2770512.4 mi134$74,620,848$478,000$556,872
27258Haw River, NC 2725812.9 mi33$12,471,492$354,500$377,924
27523Apex, NC 2752314.8 mi155$125,633,700$568,750$810,540
27519Cary, NC 2751916.5 mi179$133,837,047$602,250$747,693
27560Morrisville, NC 2756018.6 mi66$38,321,382$495,000$580,627
27502Apex, NC 2750219.0 mi179$113,193,514$537,500$632,366
27559Moncure, NC 2755919.8 mi9$6,198,939$430,000$688,771
27231Cedar Grove, NC 2723120.2 mi10$7,019,170$648,500$701,917

Frequently Asked Questions

How many homes are for sale in CHAPEL HILL, NC 27516?

As of September 2026, there are 248 active listings in CHAPEL HILL, NC (zip code 27516), compared to 187 the prior year.

What is the median home price in CHAPEL HILL, NC 27516?

The median listing price in CHAPEL HILL, NC 27516 is $621,000 as of September 2026, a 0.4% decrease from $623,700 the prior year.

How long do homes stay on the market in CHAPEL HILL, NC?

Homes in CHAPEL HILL, NC 27516 spend an average of 61 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in CHAPEL HILL, NC 27516?

Based on current inventory and days-on-market data as of September 2026, CHAPEL HILL, NC 27516 is currently a Balanced Market. Inventory has increased compared to last year, with 61 more homes available — giving buyers more choice. Homes are selling faster, averaging 61 days on market compared to 78 days last year.

How much can I save on real estate commission in CHAPEL HILL, NC?

With SELL123.com's maximum 3% commission, sellers in CHAPEL HILL, NC 27516 save an estimated $12,420 compared to a typical 5% commission on the median listing price of $621,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.