Market Intelligence · NC / Chapel Hill

Chapel Hill, NC 27516 Housing Market

The typical home value in Chapel Hill, NC 27516 is $605,888, down 1.3% over the past year. The median list price is $625,000, and homes are spending a median of 58 days on market.

Updated August 2026Median value$606K

The median home value in Chapel Hill, NC 27516 is $606K as of August 2026, down 1.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 27516 range

$557K to $654K

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

-1.3% over 12 months

Typical home value in 27516 over the last 12 months: $614K in Aug 2025 to $606K in Aug 2026 (-1.3%).

Aug 2025$614K

Aug 2026$606K

The numbers

What is the 27516 housing market like?

Typical home value

$606K

Down1.3%YoY

Median list price

$625K

Down2.5%MoM

Days on market

58

Down6.5%MoM

Homes for sale

174

Up5.5%MoM

Price cuts

26.0%

Up48.3%MoM

New listings

56

Down24.3%MoM

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

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The comparison

How do 27516 home prices compare?

  • 27516$605,888
  • Chapel Hill$642,822
  • North Carolina$287,619
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Chapel Hill: 3 ZIPs; North Carolina: 718 ZIPs; United States: 26,265 ZIPs).

Context

There are 174 homes for sale, with 56 new listings. The median list price is $625,000, while the typical home value is $605,888, down 1.3% over the past year. A median of 58 days on market means buyers have time to compare options. With 26.0% of listings taking a price cut, pricing too high can cost momentum. Sellers should expect scrutiny and be ready to justify the ask.

Monthly payment

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20% · $121,178

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