Masha Halpern's Market Report

Chapel Hill, NC

Single-Family Homes

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



Chapel Hill, NC

Fri Dec 14 2018
This week the median list price for Chapel Hill, NC is $562,400 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 378. Click here to stay informed with the Chapel Hill market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Chapel Hill, NC

Fri Dec 14 2018
This week the median list price for Chapel Hill, NC is $562,400 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 378. Click here to stay informed with the Chapel Hill market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Chapel Hill market.
Median List Price $562,400
Per Square Foot $176
Days on Market 187
Price Decreased 33%
Price Increased 4%
Relisted 4%
Inventory 378
Median House Rent $1,800
Most Expensive $5,900,000
Least Expensive $195,000
Market Action Index
Slight Buyer's Advantage
29

The market appears to be 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
$999,000 4,949 0.5 - 1 acre 4 5 16 6 7 263
$649,900 3,758 0.25 - 0.5 acre 4 4 14 2 6 184
$499,900 2,914 0.25 - 0.5 acre 4 3 13 5 6 171
$350,000 2,038 6,500 - 8,000 sqft 3 3 8 11 10 131