The Tar Heels were led by head coach Courtney Banghart, in her fifth season in Chapel Hill.

The Tar Heels played their home games at Carmichael Arena, as members of the Atlantic Coast Conference.

However, they then lost four of their next five games, including two at their early season tournament, the Gulf Coast Showcase, and their ACC–SEC Challenge matchup.

[1] ACC play proved more challenging for the Tar Heels, as the team would lose its first three conference games in a row before upsetting then-No.

[3] Shortly following the conclusion of the 2022–23 season, guard/forward Destiny Adams announced her intentions to enter the transfer portal via social media.

[5] A day after Adams, multi-year starter Kennedy Todd-Williams also entered the transfer portal, to the surprise of many in Chapel Hill.

Young was forced to medically retire due to a knee injury sustained in 2021,[8] and Hodgson completed her fifth and final year of college eligibility.

[10] The roster received another boost when 2022 NC Gatorade POY and McDonald's All-American Indya Nivar committed to the team on April 30, in a post on social media.