Two weeks ago, we described our plans to regularly track how many homes in Chapel Hill are available to middle income buyers.

It’s the dead of winter and presumably the market will pick up in the spring, but we continue to have just 1 home for sale for middle income buyer – this week it’s an 850 square foot condo with 2 bedrooms and 1.5 baths off MLK.

On the other end of the spectrum, two $1,000,000+ homes recently went under contract, leaving buyers with 7 options. The cheapest of these has over 5,500 square feet for a single family (that’s enough room for six 850 square foot condos) on a third acre of land

Week of: Homes for sale
≤ $275,000		 Homes for sale
≥ $1 million
January 23, 2023 There is 1 condo for sale for $149,900. There are 9 homes available ranging in price from $1,000,000 to $6,000,000. All 9 are single family homes.
February 7, 2023 There is 1 condo for sale for $150,000. There are 7 homes available ranging in price from $1,450,000 to $6,000,000. All 7 are single family homes.
Table is baed on TBB’s review of Redfin.com listings of existing homes for sale within Chapel Hill town limits. Unbuilt spec homes and homes under contract are excluded. Table includes active listings in Chapel Hill for homes less than or equal to $275,000 (i.e., affordable for a household with an income of $77,000, no debt, and making a $20,000 down payment) or for sale for $1 million or more (which would be affordable for a household with an income of $250,000 making a $200,000 down payment).

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Stephen Whitlow lives in Chapel Hill. Trained as an urban planner at DCRP, he works for a research, evaluation, and technical assistance firm and focuses on the areas of housing affordability, fair housing,...