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Chapel Hill, NC 27516 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Chapel Hill, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 7070PendingPending sales: 88
Chapel Hill, NC: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $586k$586kSoldMedian sold price (last 6 months): $630k$630k
What homes actually sell for in Chapel Hill, NC
Distribution of 389 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $465k to $856k
$283k to $410k: 39 sales$283k$410k to $537k: 79 sales79sales$537k to $664k: 74 sales$537k$664k to $792k: 59 sales$792k to $919k: 44 sales$792k$919k to $1.05M: 25 sales$1.05M to $1.17M: 24 sales$1.05M$1.17M to $1.3M: 6 salesMedian $630k

What the numbers say

As of September 14, 2026, Resideline is tracking 70 active listings and 8 pending sales in ZIP code 27516. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $586,495, while the median of the 389 closed sales Resideline tracked over the last six months was $630,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 27516 for 61 days.

Frequently asked questions

What is the median home price in 27516?

The median closed sale price in Chapel Hill, NC 27516 was $630,000 over the last six months, based on 389 closed sales tracked by Resideline. The middle half of those sales ranged from $465,000 to $856,350.

Is 27516 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 70 active listings in 27516, a pending-to-active ratio of 0.11. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 27516 currently looks like a balanced market.

Nearby ZIP code market data

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