Is Wesley Chapel, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wesley Chapel is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Wesley Chapel has remained a Seller's Market.

Key Takeaway

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

How much do homes in Wesley Chapel, FL cost?

Median Sold Price

$425,203

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$90,069(+26.9%)

Key Takeaway

Homes in Wesley Chapel have sold for 26.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $25K$45.5K
+82.0%
2 $230K$300K
+30.4%
3 $287.8K$370.4K
+28.7%
4 $380.2K$481K
+26.5%
5+ $500.7K$672K
+34.2%

Median Sold Price Compared To Nearby Cities

Wesley Chapel
+26.9%
Lutz
+26.6%
Central Pasco
+26.3%
Land O Lakes
+24.2%
Thonotosassa
+4.1%

How many homes are available in Wesley Chapel, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
514493-4.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 98
-11.1%
2 4933
-32.7%
3 239224
-6.3%
4 157163
+3.8%
5+ 6065
+8.3%

Number of Homes Sold

Sep 2022Oct 2022%
123106-13.8%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wesley Chapel, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
9 Days32 Days+238.1%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Wesley Chapel, FL

Number of homes for sale in Wesley Chapel, FL real estate market have reached 493. The number of listings in Wesley Chapel, FL decreased by 4.1% between September 2022 and October 2022. While the average time on the market in October 2022 was 32 days, the median list price was $425,203. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 82%, 2 bedrooms properties became 30.4% more expensive, prices of 3 bedrooms properties went up by 28.7%, prices of 4 bedrooms properties went up by 26.5%, the cost of 5 bedrooms properties went up by 34.2%. This housing market inventory have changed: 1 bedroom homes became 11.1% less available, 2 bedrooms homes became 32.7% less available, 3 bedrooms homes became 6.3% less available, number of 4 bedrooms homes increased by 3.8%, 5 bedrooms homes became 8.3% more available. Over 10 listings were sold over their listed price in October 2022 in Wesley Chapel, FL. In the same period over 57 listings were sold below the listed price and 39 listings were sold for the listed price.

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