Is Wesley Chapel, NC 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 February 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, NC

How much do homes in Wesley Chapel, NC cost?

Median Sold Price

$610,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$20,100(-3.2%)

Key Takeaway

Homes in Wesley Chapel have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Wesley Chapel was $610,000 in February 2024, down 3.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $459.9K$475K
+3.3%
3 $456.5K$435K
-4.7%
4 $581.5K$662.5K
+13.9%
5+ $712.5K$740K
+3.9%

Summary: Wesley Chapel housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Cities

Waxhaw
+19.3%
Weddington
+17.3%
Sandy Ridge Township
+6.8%
Vance Township
+0.8%
Wesley Chapel
-3.2%

Housing Supply in Wesley Chapel, NC

How many homes are available in Wesley Chapel, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1925+31.6%

Summary: The Wesley Chapel real estate market had 25 homes for sale in February 2024, a 31.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 58
+60.0%
4 99
0.0%
5+ 47
+75.0%

Summary: The Wesley Chapel housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Wesley Chapel in February 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Wesley Chapel, NC

How long does it take to sell a home in Wesley Chapel, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days35 Days-4.8%

Summary: Homes in Wesley Chapel had an average of 35 days on market in Feb 2024, down by 4.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wesley Chapel has remained consistent over time.

Summary: During February 2024, 5 homes were sold in Wesley Chapel; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Wesley Chapel, NC

Nearby Markets to Wesley Chapel, NC

What housing markets are near Wesley Chapel, NC?