The typical home value in
Southern Village
is projected to be
$600,000
for the month of
October.
September’s
finalized data reported the typical value of a home in the
neighborhood
to be
$650,000—down
22.76%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$574,250
in
Chapel Hill
for the most recent reporting period.
That number is expected to float around
$600,880
in
October.
Southern Village
had
8
new listings and
8
listings that went under contract in
September,
increasing
the area’s total available inventory to
4—up
33.33%
from the previous month. Inventory is projected to have further
increased
in
October.
The median listing price for homes in
Southern Village
grew
9.58%
from
August
to
September,
bringing the current median listing price to
$657,500.
Based on projected data for
October,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
September 2025,
the median time for a listed property to go pending was
20
days, compared to
18
days in
September 2024.
However, in recent months the median number of days from listed to pending appears to be
falling.
That trend is predicted to have carried through to this
October.
