Masha Halpern's Market Report

Chapel Hill, NC

Single-Family Homes

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



Chapel Hill, NC

Thu Feb 21 2019
This week the median list price for Chapel Hill, NC is $565,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 293. 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 Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Chapel Hill, NC

Thu Feb 21 2019
This week the median list price for Chapel Hill, NC is $565,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 293. 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 Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Chapel Hill market.
Median List Price $565,000
Per Square Foot $178
Days on Market 205
Price Decreased 27%
Price Increased 5%
Relisted 11%
Inventory 293
Median House Rent $1,750
Most Expensive $5,900,000
Least Expensive $184,900
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
$949,000 4,777 0.5 - 1 acre 4 5 16 0 4 268
$650,000 3,775 0.5 - 1 acre 4 4 13 10 9 193
$499,000 2,978 0.25 - 0.5 acre 4 3 3 8 6 198
$373,500 2,146 6,500 - 8,000 sqft 3 3 4 11 11 160