Southbridge is a popular South Chapel Hill neighborhood. Southbridge is located very close to UNC-Chapel Hill, and is actually on the UNC bus line and is in the walk zone to Culbreth Middle School.
Most homes in Southbridge were constructed between the mid-1980's and early 1990's. These homes are generally situated on .25 - .4 acre lots and range between $300k - $500k. However, there is currently new construction taking place in the neighborhood. This new collection of homes is known as Southbridge Estates and consists of high-end homes priced around $1,000,000.
Southbridge consists primarily of transitional and contemporary homes with large living spaces and formal areas, beautifully mature landscaping and fantastic Chapel Hill location.
Southbridge Statistics from the Triangle Multiple List Service
In 2006, 9 houses were sold in Southbridge. Of these, the average house was a 2745 square foot, 3 bedroom 2.5 bath home selling for $499,822. Average time on market was 51 days, below the Chapel Hill market average of 60 days.
Chapel Hill Statistics
In 2006, 687 homes were sold in Chapel Hill. Of these, the average house was a 2593 square foot, 3 bedroom 2 bath home selling for $440,795. Average time on market was 60 days.