Is Chapel Hill, TN 37034 a buyer’s or seller’s market?
Chapel Hill is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 19% of U.S. ZIP codes, and #193 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Chapel Hill housing market right now
In the three months ending August 31, 2026, 9% of homes in Chapel Hill, TN 37034 sold above their list price, the typical home went under contract in 49 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 56 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 12%, homes sold faster (57 days then) and the median sale price fell 2% to $384,833. Overall, Chapel Hill is about as competitive as it was a year ago.
On our competition score, Chapel Hill ranks #193 of 299 TN ZIP codes with enough sales (score 24 out of 100).
Nearby, buyers who want less competition could look at Belfast 37019 (0% sold over asking), while Lewisburg 37091 (15% sold over asking) is even more competitive.
Run the numbers for 37034
Nearby markets
Belfast 37019Buyer’s market $485 /sq ftCornersville 37047Seller’s market $201 /sq ftLewisburg 37091Balanced $188 /sq ft Browse all markets →Towns like Chapel Hill nearby
Find towns like Chapel Hill in other states →Where Chapel Hill is
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Questions about Chapel Hill real estate
Is Chapel Hill a buyer’s or seller’s market?
A balanced market: there were 4.6 months of supply in Chapel Hill, TN 37034 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Chapel Hill?
The typical home went under contract in 49 days in the latest three months.
Do homes in Chapel Hill sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Chapel Hill?
About 0.48% of a home’s value a year in Marshall County, or roughly $1,920 on a $400,000 home.
What is the median home price in Chapel Hill?
The median sale price was $384,833 in the three months ending August 31, 2026, about $219 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology