Why Live in Downtown Chapel Hill
Downtown Chapel Hill is a vibrant neighborhood with a mix of condos and sororities, primarily catering to students and younger families. Housing options include units in the Greenbridge condo complex and the mixed-use space at 140 West Franklin Street. Despite limited housing downtown, ongoing development aims to meet the high demand for affordable living spaces. The area is known for its high property taxes compared to neighboring counties. While designated parks are scarce, the university campus offers ample green spaces, including the historic Old Well and Battle Park's 93 acres of forested land. The North Carolina Botanical Garden, a few miles away, provides additional outdoor activities and sculptures. Franklin Street is the hub for dining and nightlife, featuring local favorites like Top of the Hill brewery, Brandwein’s Bagel, and the iconic bar He’s Not Here. Upscale dining options include Lantern, known for its Asian fusion cuisine. Events such as the Festifall Arts Market and Pride Promenade add to the neighborhood's cultural vibrancy. The area is well-connected, with Interstate 40 about 5 miles away and Raleigh-Durham International Airport 17 miles distant. Public transportation is available, with bus routes covering Chapel Hill and Carrboro. The UNC Medical Center is less than 2 miles from Franklin Street. Schools in the area are highly rated, with Carrboro Elementary, Smith Middle, and East Chapel Hill High School all earning top marks.
Home Trends in Downtown Chapel Hill, NC
On average, homes in Downtown Chapel Hill, Chapel Hill sell after 43 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Chapel Hill, Chapel Hill over the last 12 months is $928,500, up 34% from the median home sale price over the previous 12 months.
Median Sale Price
$928,500
Median Single Family Sale Price
$850,000
Median 2 Bedroom Sale Price
$928,500
Median 1 Bedroom Sale Price
$599,999
Average Price Per Sq Ft
$733
Number of Homes for Sale
2
Last 12 months Home Sales
20
Median List Price
$935,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
34%