Is Wesley Chapel, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Wesley Chapel has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $459.9K | $475K | +3.3% |
3 Bedrooms | $456.5K | $435K | -4.7% |
4 Bedrooms | $581.5K | $662.5K | +13.9% |
5+ Bedrooms | $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 | $577.1K | $688.3K | +19.3% |
Weddington | $810K | $950K | +17.3% |
Sandy Ridge Township | $735K | $785K | +6.8% |
Vance Township | $423.5K | $426.8K | +0.8% |
Wesley Chapel | $630.1K | $610K | -3.2% |
Housing Supply in Wesley Chapel, NC
How many homes are available in Wesley Chapel, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 25 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 4 | 7 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 5 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 35 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
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.