The Southern Village housing market is very competitive. The median sale price of a home in Southern Village was $842K last month, up 25.3% since last year. The median sale price per square foot in Southern Village is $318, up 9.3% since last year.
What is the housing market like in Southern Village today?
In October 2024, Southern Village home prices were up 25.3% compared to last year, selling for a median price of $842K. On average, homes in Southern Village sell after 47 days on the market compared to 27 days last year. There were 14 homes sold in October this year, up from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$841,500
+25.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Southern Village, NC
$841,500
+25.3%
United States
To compare other locations to the Southern Village and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chapel Hill add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Southern Village
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Southern Village housing market?
Southern Village is very competitive. Homes sell in 18.5 days.
0
100
83
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 19 days.
Hot homes
can sell for about 7% above list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southern Village housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southern Village.
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southern Village has a minor risk of flooding. 32 properties in Southern Village are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Southern Village. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southern Village has a moderate risk of wildfire. There are 742 properties in Southern Village that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Southern Village.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Southern Village has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southern Village is most at risk from hurricanes. 742 properties in Southern Village have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 72 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 86 mph.
80% of properties are at major
risk of heat over the next 30 years
Heat Factor
Southern Village has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 80% of homes in Southern Village have a Major Heat Factor®.
Southern Village is expected to see a 128% increase in the number of days over 105ºF over the next 30 years. Southern Village is expected to experience 5