Market Intelligence · NC / Chapel Hill

Chapel Hill, NC 27517 Housing Market

The typical home value in Chapel Hill's 27517 ZIP is $662,322, up 0.2% over the past year. The median list price sits at $799,400, with homes spending a median of 58 days on market as of September 2026.

Updated September 2026Median value$662K

The median home value in Chapel Hill, NC 27517 is $662K as of September 2026, up 0.2% 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 27517 range

$609K to $715K

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

+0.2% over 12 months

Sep 2025$661K

Low $661KHigh $665K

Sep 2026$662K

The numbers

What is the 27517 housing market like?

As of September 2026

Typical home value

$662K

0.2%YoY

Median list price

$799K

1.8%MoM

Days on market

1.8%MoM

Homes for sale

168

9.8%MoM

Price cuts

19.2%

10.4%MoM

New listings

7.7%MoM

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

The outlook

27517 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27517 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 27517 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 27517?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 27517 to stay roughly flat by September 2027 (down 0.2%), after a 0.2% rise 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 27517 home prices compare?

27517$662,322
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 27517 ZIP has 168 homes for sale and 56 new listings as of September 2026. The modest 0.2% annual appreciation in typical home value reflects a steady but slow market. Nearly one in five listings, at 19.2%, have seen price reductions. Homes are taking nearly two months to sell on average. If you're considering selling, expect a measured market where pricing strategy and presentation matter more than broad appreciation tailwinds.

Monthly payment

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Home price

Down payment20% · $132,464

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Common questions

What people ask us.

What is the typical home value in 27517?

The typical home value is $662,322 as of September 2026, up 0.2% over the past year.

How long do homes typically stay on the market?

Homes in this ZIP spend a median of 58 days on market.

What share of listings have price cuts?

As of September 2026, 19.2% of listings carry a price reduction.

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