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Featured local agent — Chapel Hill, TN
Sarah Mitchell
Compass Real Estate · Chapel Hill, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chapel Hill, TN Housing Market
The typical home in Chapel Hill, TN is worth $388,300, fell 0.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $362,500, +11.5% year over year (through May 2026). With 4.5 months of supply and homes going under contract in about 85 days, Chapel Hill is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $388,300 home is about $2,073/mo in principal and interest.
Key numbers for Chapel Hill, TN
Typical home value
$388,300
-0.5% in 12 months
Zillow, August 2026
Median sale price
$362,500
+11.5% year over year
Redfin, through May 2026
Days on market
85
Slow-moving
Redfin, through May 2026
Active listings
27
4.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$77,826
Home costs 5.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.9%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Chapel Hill a buyer's or seller's market?
Chapel Hill, TN is a leaning buyer's, based on 4.5 months of supply and homes selling in about 85 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Chapel Hill housing market data show?
Every row below is Redfin's final published month for Chapel Hill, TN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $362,500 |
| Median list price | $311,495 |
| Year-over-year price change | +11.5% |
| Median price per sq ft | $199/sq ft |
| Median days on market | 85 days |
| Active inventory | 27 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 97.9% |
| Homes sold (that month) | 6 |
| New listings (that month) | 8 |
| Listings with a price cut | 33.3% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Chapel Hill is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Chapel Hill is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Chapel Hill home prices moved?
Over the last three years the median sale price in Chapel Hill, TN rose 23.3%, from $294,000 to $362,500. The live Zillow value series has fell 0.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Chapel Hill listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.5 months while the sale-to-list ratio slips below its current 97.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Chapel Hill?
Priced off the typical home value of $388,300 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $77,660 | $310,640 | $2,073/mo |
| 5% | $19,415 | $368,885 | $2,462/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,073, that implies roughly $88,841 a year before you add taxes and insurance. The median household in Chapel Hill earns $77,826, about $11,015 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.0x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Chapel Hill in the next 12 months?
Tell us your timeline. We send the Chapel Hill market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Chapel Hill?
Zillow does not publish a rent index (ZORI) for Chapel Hill, TN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Chapel Hill?
Active listings in Chapel Hill, TN went from 37 in May 2025 to 27 in May 2026, a -27.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 41 | 16 |
| July 2025 | 35 | 10 |
| August 2025 | 29 | 12 |
| September 2025 | 34 | 15 |
| October 2025 | 32 | 15 |
| November 2025 | 34 | 11 |
| December 2025 | 30 | 9 |
| January 2026 | 32 | 8 |
| February 2026 | 35 | 9 |
| March 2026 | 35 | 7 |
| April 2026 | 27 | 7 |
| May 2026 | 27 | 8 |
Redfin, through May 2026
How does Chapel Hill compare to Tennessee and the U.S.?
Chapel Hill homes sell for $362,500 — 12% below the Tennessee median of $413,200. Against the national median of $410,700, Chapel Hill runs 12% lower. Year-over-year, Chapel Hill moved +11.5% against Tennessee's +3.0% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Chapel Hill, TN | $362,500 | +11.5% | 85 days |
| Tennessee statewide | $413,200 | +3.0% | 61 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Chapel Hill
What buyers should watch
- Months of supply, currently 4.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $389 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $388,300 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Chapel Hill listing goes under contract in 85 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Chapel Hill added 8 new listings against 6 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Chapel Hill varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Chapel Hill
There are currently 27 homes listed for sale in Chapel Hill, Tennessee. The median listing price is $311K.
Active listings
27
Homes on market
Median list price
$311K
Avg. days on market
85
Days until sale
New this week
8
Newly listed
How much do homes cost in Chapel Hill by property type?
How the Chapel Hill, TN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $373,750 | $199/sq ft | 4 | 80 days |
| Townhouse | $246,500 | $200/sq ft | 2 | 87 days |
Who lives in Chapel Hill?
American Community Survey estimates for Chapel Hill. U.S. Census ACS, 2023
Population
1,531
Households
666
Median income
$77,826/yr
Median age
44.2 years
Owner-occupied
84.2%
Median home value
$276,700
Median gross rent
$1,150/mo
Mean commute
35.3 min
84.2% of occupied homes in Chapel Hill are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $276,700 against Zillow's $388,300 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Chapel Hill?
3 schools tracked · 1,831 students
The largest public schools serving Chapel Hill, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Forrest School
Grades 7-12 · 826 students
Chapel Hill Elementary
Grades PK-3 · 559 students
Delk-Henson Intermediate School
Grades 4-6 · 446 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Chapel Hill, TN?
Ordered by distance from Chapel Hill, not by size. Compare Chapel Hill side by side with any of them.
Chapel Hill housing market FAQ
Is Chapel Hill a buyer's or seller's market?
Chapel Hill, TN is currently a leaning buyer's. That read comes from 4.5 months of supply, homes going under contract in about 85 days, and sellers getting 97.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Chapel Hill?
The typical home in Chapel Hill, TN is worth $388,300 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $362,500, about $199 per square foot.
Is Chapel Hill cheaper than the rest of Tennessee?
Chapel Hill's median sale price of $362,500 is 12% lower than the Tennessee statewide median of $413,200, and 12% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Chapel Hill?
Homes in Chapel Hill, TN spent a median of 85 days on market before going under contract, versus 61 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Chapel Hill?
At the current 30-year fixed rate of 7.03%, 20% down on a $388,300 home is about $2,073 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $88,841 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $77,826.
Are home prices rising in Chapel Hill?
The typical home value in Chapel Hill, TN fell 0.5% over the last 12 months, from $390,337 to $388,300 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Chapel Hill?
Chapel Hill ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Chapel Hill?
That depends on your timeline, not on a headline. What the data says today: Chapel Hill, TN is a leaning buyer's with 4.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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