Masha Halpern's Market Report

Chapel Hill, NC

Single-Family Homes

Boutique Real Estate at Keller Williams Realty | Masha@MashaHalpern.com



Chapel Hill, NC

Wed Oct 23 2019
This week the median list price for Chapel Hill, NC is $569,900 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 365. Click here to stay informed with the Chapel Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chapel Hill, NC

Wed Oct 23 2019
This week the median list price for Chapel Hill, NC is $569,900 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 365. Click here to stay informed with the Chapel Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chapel Hill market.
Median List Price $569,900
Per Square Foot $174
Days on Market 162
Price Decreased 44%
Price Increased 5%
Relisted 6%
Inventory 365
Median House Rent $1,800
Most Expensive $2,950,000
Least Expensive $3,300
Market Action Index
Slight Seller's Advantage
32

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$995,000 4,945 1 - 2.5 acres 4 5 22 2 6 247
$625,000 3,531 0.5 - 1 acre 4 4 16 2 8 173
$500,000 2,999 0.25 - 0.5 acre 4 3 14 4 5 139
$378,900 2,134 8,000 - 10,000 sqft 3 3 13 11 9 87