Updated May 2026 · Redfin · 3-month window
27516 Real Estate Market Update: Chapel Hill, NC, May 2026
The latest housing-market numbers for ZIP code 27516 in Chapel Hill, North Carolina, for May 2026: a $625K median sale price, straight from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $625K | ▲ +5.7% | ▼ -1.6% |
| Days on market | 35 | ▼ -20.7% | ▲ +56.8% |
| Homes for sale | 172 | ▲ +4.9% | ▲ +9.6% |
| Sale-to-list | 98.9% | ▲ +0.1% | ▼ -1.3% |
| Homes sold | 154 | ▲ +26.2% | ▲ +6.2% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 27516 numbers say
The 27516 ZIP in Chapel Hill is cooling. The median sale price sits at $625,000, 1.6% below last year. Homes here move fast: a typical listing goes under contract in about 35 days, and sellers are getting 98.9% of list price.
Based on 154 recent sales, 27516 is currently an active market.
What this means if you sell in 27516
Use these figures to set expectations early with each client. Lead a listing appointment with the $625K median price and the 35-day pace, show the year-over-year direction, and frame 27516 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 27516 market
We built LOKAL to pull 27516's numbers straight from the Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $625K median sale price, -1.6% year over year, a 98.9% sale-to-list ratio and a +5.7% month-over-month move across 154 recorded sales. That compares with roughly $635K a year earlier, in 2025. We refresh every ZIP monthly and only publish once a ZIP clears at least 20 recorded sales for the period, so the median stays reliable instead of noisy. Redfin has published ZIP-level market data monthly since 2020, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 27516 — population, median household income, owner-occupancy — see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
Turn these 27516 numbers into a finished post.
Open LOKAL with Chapel Hill ready to go. You'll get a carousel, story and square graphic with real figures in place, ready to export in seconds.
Build the Chapel Hill post →Frequently asked: the 27516 housing market
- What is the median home price in ZIP 27516 (Chapel Hill, NC)?
- As of May 2026, the median sale price in ZIP 27516 is $625,000 (-1.6% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 27516 a buyer's or seller's market right now?
- ZIP 27516 is currently an active market, based on a 98.9% sale-to-list ratio, about 35 days on market for May 2026.
- How long do homes take to sell in ZIP 27516?
- A typical listing in 27516 goes under contract in about 35 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 27516 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
More North Carolina markets
Nearby North Carolina ZIP codes
Embed this update on your site
Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.