Is Wesley Chapel, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Wesley Chapel has remained a Seller's Market.
Housing Prices in Wesley Chapel, FL
How much do homes in Wesley Chapel, FL cost?
Median Sold Price
$431,701
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Wesley Chapel was $431,701 in June 2024, up 5.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42.5K | $90K | +111.8% |
2 Bedrooms | $299.2K | $277.5K | -7.3% |
3 Bedrooms | $348.9K | $354.9K | +1.7% |
4 Bedrooms | $475K | $491.2K | +3.4% |
5+ Bedrooms | $675K | $663.3K | -1.7% |
Summary: Wesley Chapel housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.8%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Wesley Chapel | $409.4K | $431.7K | +5.4% |
Lutz | $479.8K | $493.4K | +2.9% |
Central Pasco | $410K | $421.4K | +2.8% |
Land O Lakes | $447.9K | $416.8K | -7.0% |
Thonotosassa | $402.5K | $368K | -8.6% |
Housing Supply in Wesley Chapel, FL
How many homes are available in Wesley Chapel, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,001 | 994 | -0.7% |
Summary: The Wesley Chapel real estate market had 994 homes for sale in June 2024, a 0.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 73 | 61 | -16.4% |
3 Bedrooms | 396 | 381 | -3.8% |
4 Bedrooms | 364 | 381 | +4.7% |
5+ Bedrooms | 167 | 171 | +2.4% |
Summary: The Wesley Chapel housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
240 | 207 | -13.8% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
90 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 207 homes were sold or pending in Wesley Chapel in June 2024, down by 13.8% month-over-month. Of the 207 sold homes, 49% were sold under asking, 43% were sold at asking, and 7% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
34 Days | 49 Days | +40.8% |
Summary: Homes in Wesley Chapel had an average of 49 days on market in Jun 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
74 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During June 2024, 207 homes were sold in Wesley Chapel; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.