Chapel Hill, NC

Chapel Hill is a city located in Orange County, North Carolina. The population of Chapel Hill was approximately 129,000 as of the 2010 census. Chapel Hill is home to the University of North Carolina at Chapel Hill and is also known for its well-preserved Victorian architecture.

Real estate in Chapel Hill is very popular due to its close proximity to the University of North Carolina at Chapel Hill and its many historic neighborhoods. Properties in Chapel Hill typically range from $200,000 to $2 million, with the average price being around $1 million. There are a number of factors that contribute to this high demand for real estate in Chapel Hill, including the city's excellent schools and reputation for quality living.

One important factor that affects real estate prices in Chapel Hill is the availability of inventory. In recent years, there has been a significant increase in new construction projects in the city, which has led to an increased demand for housing and decreased availability of properties on the market. As a result, prices have increased significantly over the past few years.