Is Central Pasco, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Pasco is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Central Pasco has remained a Seller's Market.

Key Takeaway

Central Pasco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Central Pasco, FL

How much do homes in Central Pasco, FL cost?

Median Sold Price

$419,969

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,060(+2.0%)

Key Takeaway

Homes in Central Pasco have sold for 2% more than they did a year ago.

Summary: The median home sold price in Central Pasco was $419,969 in May 2024, up 2% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $44K$185K
+320.5%
2 $310K$307.1K
-0.9%
3 $365K$360K
-1.4%
4 $489.8K$495K
+1.0%
5+ $650.2K$629.9K
-3.1%

Summary: Central Pasco housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 320.5%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Cities

San Antonio
+14.3%
Wesley Chapel
+4.1%
Dade City
+2.9%
Central Pasco
+2.0%

Housing Supply in Central Pasco, FL

How many homes are available in Central Pasco, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,6781,719+2.4%

Summary: The Central Pasco real estate market had 1,719 homes for sale in May 2024, a 2.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 43
-25.0%
2 181187
+3.3%
3 709728
+2.7%
4 503516
+2.6%
5+ 281285
+1.4%

Summary: The Central Pasco housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
317444+40.1%

Asking Price vs. Sold Price

200 Homes Were Sold
Under Asking

197 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Pasco, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 444 homes were sold or pending in Central Pasco in May 2024, up by 40.1% month-over-month. Of the 444 sold homes, 45% were sold under asking, 44% were sold at asking, and 11% were sold over asking.

Days on Market for Central Pasco, FL

How long does it take to sell a home in Central Pasco, FL?

Average Sale Time

May 2023May 2024CHANGE
37 Days41 Days+10.5%

Summary: Homes in Central Pasco had an average of 41 days on market in May 2024, up by 10.5% compared to last year.

Breakdown of Home Sale Times

235 Homes Were Sold
Under 30 Days

154 Homes Were Sold
In 30 - 90 Days

55 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Central Pasco are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 444 homes were sold in Central Pasco; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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