27516 Home Values & Market Trends

There are 112 homes currently listed for 27516. 27516 real estate market trends show that home prices range from $175,000 to $2,100,000, and the median sales price in the 27516 zip code is $609,074.45. The total number of properties sold within the past twelve months is 658. In 27516, 2 properties are in foreclosure, 0 are bank owned properties,and 2 are headed for auction.

Housing Market Summary for 27516

Mar 2023February 2024Change
Median Listing Price$562.5K$623.9K10.92%
Median Sold Price$544.8K$623.9K14.54%
Homes For Sale628638.71%
Homes Sold2983062.68%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 27516

The median list price of a home in Chapel Hill, is $609,074.45. A total of 112 properties are for sale, and the percentage of properties for sale in the zip code is 112.00%. The total count of 27516 properties is 15,078.

Foreclosure
There is 1 cities within 27516; within this cities, the median estimated home value for homes in foreclosure ranges from $532,997 in chapel hill to the lowest value of $169,441 in chapel hill. Foreclosure homes account for 0.00% of properties in 27516 with chapel hill containing 5 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 27516 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 27516; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 27516 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 27516. There is 1 cities within 27516; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    chapel hill has 3 auction properties, the highest number of properties going to auction in a single city in the state of 27516. Auction homes and other auction properties account for 0.01% of all properties in 27516. There is 1 cities within 27516; of that cities, the median estimated home value for homes going to auction ranges from $353,610 in chapel hill to the lowest value of $169,441 in chapel hill.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.74% of residential properties in 27516 with chapel hill containing 243 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 27516; homes for sale in that cities, have a range of median values from $5,138,136 in chapel hill to the lowest value of $86,296 in chapel hill.
    Sold Homes
    The median value for recently sold homes ranges from $63,113,746 in chapel hill to the lowest price of $95,676 in chapel hill. There is 1 cities within 27516. chapel hill has 601 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.77% of properties in 27516.

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      Guide for 27516

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.

      Recently Listed Homes 27516

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