$360,000 New Construction
- 3 Beds
- 2 Baths
- 1,440 Sq Ft
842 N Carolina Highway 54 W, Chapel Hill, NC 27516
Nicholas Huscroft Chosen Real Estate Group
$360,000 New Construction
842 N Carolina Highway 54 W, Chapel Hill, NC 27516
Nicholas Huscroft Chosen Real Estate Group
Chapel Hill's cultural heart beats along Franklin Street, where local shops and renowned restaurants like Top of the Hill Restaurant and Brewery create a lively downtown atmosphere. The University of North Carolina at Chapel Hill shapes the city's identity through iconic landmarks like the Old Well and athletic venues including the Dean E. Smith Center, home to the celebrated Tar Heels basketball program. Nature lovers will find solace in the North Carolina Botanical Garden and Coker Arboretum, while arts enthusiasts can explore the Ackland Art Museum or catch performances at the PlayMakers Repertory Company.
The Chapel Hill housing market presents diverse options across price points. The median sale price for homes stands at $665,000, with single family homes commanding a median of $769,000. Townhomes show a median price of $482,000, while condos range from $276,000 for one bedroom units to $299,000 for two bedrooms. Premium neighborhoods like Franklin Rosemary showcase single family homes with a median price of $1,362,500, while Northside provides more accessible options with a median of $532,500.
Chapel Hill's cost of living runs 5.6% above the national average. A family with school age children needs an annual income of $111,000 to live comfortably, while renters should aim for $60,000. The property tax rate of 0.96% exceeds nearby Durham at 0.84% and Raleigh at 0.72%. The city maintains strong educational credentials with highly rated public schools including East Chapel Hill High School and Chapel Hill High School, both earning A+ ratings. The fare free Chapel Hill Transit system connects residents throughout Chapel Hill and Carrboro, while major highways provide easy access to Durham (11 miles) and Raleigh (28 miles).
On average, homes in Chapel Hill, NC sell after 38 days on the market compared to the national average of 55 days. The median sale price for homes in Chapel Hill, NC over the last 12 months is $690,000, down 7% from the median home sale price over the previous 12 months.
With a strong university presence and tree-lined streets, Chapel Hill attracts buyers looking for charm and thoughtful design.