Market Intelligence · NC / Chapel Hill

Chapel Hill, NC 27516 Housing Market

The typical home value in Chapel Hill 27516 is $598,546, down 1.2% over the past year. The median list price stands at $621,000, with homes spending a median of 61 days on the market.

Updated September 2026Median value$599K

The median home value in Chapel Hill, NC 27516 is $599K as of September 2026, down 1.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 27516 range

$551K to $646K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.2% over 12 months

Sep 2025$606K

Low $599KHigh $606K

Sep 2026$599K

The numbers

What is the 27516 housing market like?

As of September 2026

Typical home value

$599K

1.2%YoY

Median list price

$621K

0.6%MoM

Days on market

5.2%MoM

Homes for sale

177

1.7%MoM

Price cuts

19.3%

25.7%MoM

New listings

3.6%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

27516 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27516 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 27516 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 27516?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 27516 to stay roughly flat by September 2027 (down 0.3%), after a 1.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 27516 home prices compare?

27516$598,546
Chapel Hill$629,930
North Carolina$284,347
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Chapel Hill: 3 ZIPs; North Carolina: 718 ZIPs; United States: 26,262 ZIPs).

Context

Chapel Hill's market shows mixed signals heading into fall. There are 177 homes for sale, with 54 new listings added in September 2026. Nearly one in five listings, at 19.3%, have seen price cuts. The median time a home spends on the market is 61 days, suggesting moderate buyer interest but no urgency. For sellers, this combination of declining values and active discounting means pricing strategically from day one is more important than ever.

Monthly payment

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Home price

Down payment20% · $119,709

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Common questions

What people ask us.

What is a typical home worth in Chapel Hill 27516?

The typical home value is $598,546, reflecting a 1.2% decline over the past year.

How long do homes take to sell in 27516?

Homes spend a median of 61 days on the market in Chapel Hill.

Are sellers reducing prices in this market?

Yes. As of September 2026, 19.3% of listings have posted price cuts.

Discover

Nearby ZIP markets.

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