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Chapel Hill, NC 27516 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Chapel Hill, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 7676PendingPending sales: 1111
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): $639k$639kSoldMedian sold price (last 6 months): $625k$625k
What homes actually sell for in Chapel Hill, NC
Distribution of 370 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $462k to $825k
$280k to $404k: 39 sales$280k$404k to $529k: 67 sales$529k to $653k: 83 sales83sales$529k$653k to $778k: 48 sales$778k to $902k: 43 sales$778k$902k to $1.03M: 25 sales$1.03M to $1.15M: 23 sales$1.03M$1.15M to $1.27M: 6 salesMedian $625k

What the numbers say

As of October 26, 2026, Resideline is tracking 76 active listings and 11 pending sales in ZIP code 27516. That pending-to-active ratio of 0.14 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $639,495, while the median of the 370 closed sales Resideline tracked over the last six months was $625,000. 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 75 days.

Frequently asked questions

What is the median home price in 27516?

The median closed sale price in Chapel Hill, NC 27516 was $625,000 over the last six months, based on 370 closed sales tracked by Resideline. The middle half of those sales ranged from $462,500 to $825,000.

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

Resideline is currently tracking 11 pending sales against 76 active listings in 27516, a pending-to-active ratio of 0.14. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 27516 is currently a faster-moving market.

Nearby ZIP code market data

Full Chapel Hill, NC housing market report →

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