Is Wesley Chapel, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Wesley Chapel, FL
How much do homes in Wesley Chapel, FL cost?
Median Sold Price
$414,992
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wesley Chapel have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Wesley Chapel was $414,992 in March 2024, down 1.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41.2K | $53.7K | +30.3% |
| 2 Bedrooms | $305K | $269K | -11.8% |
| 3 Bedrooms | $364.9K | $349.9K | -4.1% |
| 4 Bedrooms | $490.5K | $485K | -1.1% |
| 5+ Bedrooms | $675.8K | $681.3K | +0.8% |
Summary: Wesley Chapel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Lutz | $488.2K | $486K | -0.4% |
| Central Pasco | $420.4K | $414.9K | -1.3% |
| Wesley Chapel | $421.7K | $414.9K | -1.6% |
| Land O Lakes | $449.9K | $427.3K | -5.0% |
| Thonotosassa | $415K | $340K | -18.1% |
Housing Supply in Wesley Chapel, FL
How many homes are available in Wesley Chapel, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 663 | 725 | +9.4% |
Summary: The Wesley Chapel real estate market had 725 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 42 | 52 | +23.8% |
| 3 Bedrooms | 287 | 291 | +1.4% |
| 4 Bedrooms | 227 | 256 | +12.8% |
| 5+ Bedrooms | 103 | 124 | +20.4% |
Summary: The Wesley Chapel housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 20.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 145 | +26.1% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wesley Chapel, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 145 homes were sold or pending in Wesley Chapel in March 2024, up by 26.1% month-over-month. Of the 145 sold homes, 47% were sold under asking, 43% were sold at asking, and 10% were sold over asking.
Days on Market for Wesley Chapel, FL
How long does it take to sell a home in Wesley Chapel, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 57 Days | +5.9% |
Summary: Homes in Wesley Chapel had an average of 57 days on market in Mar 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wesley Chapel are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 145 homes were sold in Wesley Chapel; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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