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The Downs

CHAPEL HILL, NC 27517

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 27517

The Downs

Market Analysis

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

The CHAPEL HILL, NC real estate market (27517) currently shows 220 active listings, with 52 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 60 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 58 days on market compared to 53 days last year.

The median listing price has fallen 0.3% year-over-year, from $801,500 to $799,400.

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Market Context

Market Context

Population: 27,761  ·  Density: 233.0/mi²  ·  Median household income: $117,757

Typical home value: $535,873  ·  Homeownership: 66.9%

Market Overview

Active Listings
220
⇧ 37.5% vs 160 last year
Pending
52
24% pending ratio
Median Price
$799,400
⇩ 0.3% vs $801,500 last year
Average Price
$970,108
⇩ 8.8% vs $1,064,065 last year
Days on Market
58
⇧ 9.4% vs 53 days last year

Price Per Square Foot

Median $/sqft
$268
⇧ 2.3% vs $262/sqft last year
Median Home Size
3,076 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 220 this year vs 160 last year
  • Days on market: 58 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $799,400 (-0.3% YoY)
  • Average: $970,108 (-8.8% 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 17.7 miles — 1,690 listings ($1,028,772,014 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27517Chapel Hill, NC 275170.0 mi121$117,876,143$827,500$974,183
27713Durham, NC 277136.0 mi183$112,543,353$408,500$614,991
27516Chapel Hill, NC 275168.2 mi151$120,721,329$662,500$799,479
27514Chapel Hill, NC 275148.6 mi75$54,284,100$505,000$723,788
27502Apex, NC 2750211.0 mi179$113,193,514$537,500$632,366
27560Morrisville, NC 2756011.6 mi66$38,321,382$495,000$580,627
27701Durham, NC 2770113.0 mi118$73,869,770$460,500$626,015
27562New Hill, NC 2756214.3 mi42$48,446,202$742,500$1,153,481
27703Durham, NC 2770315.1 mi440$194,054,080$404,033$441,032
27559Moncure, NC 2755915.2 mi9$6,198,939$430,000$688,771
27539Apex, NC 2753916.9 mi118$79,761,982$606,933$675,949
27340Saxapahaw, NC 2734017.1 mi3$1,835,250$611,750$611,750
27704Durham, NC 2770417.7 mi185$67,665,970$329,950$365,762

Frequently Asked Questions

How many homes are for sale in CHAPEL HILL, NC 27517?

As of September 2026, there are 220 active listings in CHAPEL HILL, NC (zip code 27517), compared to 160 the prior year.

What is the median home price in CHAPEL HILL, NC 27517?

The median listing price in CHAPEL HILL, NC 27517 is $799,400 as of September 2026, a 0.3% decrease from $801,500 the prior year.

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

Homes in CHAPEL HILL, NC 27517 spend an average of 58 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in CHAPEL HILL, NC 27517?

Based on current inventory and days-on-market data as of September 2026, CHAPEL HILL, NC 27517 is currently a Buyer's Market. Inventory has increased compared to last year, with 60 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 58 days on market compared to 53 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 27517 save an estimated $15,988 compared to a typical 5% commission on the median listing price of $799,400. 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.