Is Wesley Chapel, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$420,216
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wesley Chapel have sold for 1% more than they did a year ago.
Summary: The median home sold price in Wesley Chapel was $420,216 in April 2024, up 1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | $57.5K | +30.7% |
| 2 Bedrooms | $299.6K | $258K | -13.9% |
| 3 Bedrooms | $360.4K | $350K | -2.9% |
| 4 Bedrooms | $490K | $485K | -1.0% |
| 5+ Bedrooms | $675.8K | $678.3K | 0.4% |
Summary: Wesley Chapel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Wesley Chapel | $415.9K | $420.2K | +1.0% |
| Lutz | $485K | $489.5K | +0.9% |
| Central Pasco | $418.2K | $416.4K | -0.4% |
| Land O Lakes | $454.4K | $420.6K | -7.4% |
| Thonotosassa | $420K | $310K | -26.2% |
Housing Supply in Wesley Chapel, FL
How many homes are available in Wesley Chapel, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 738 | 732 | -0.8% |
Summary: The Wesley Chapel real estate market had 732 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 46 | 53 | +15.2% |
| 3 Bedrooms | 304 | 286 | -5.9% |
| 4 Bedrooms | 261 | 261 | 0.0% |
| 5+ Bedrooms | 125 | 131 | +4.8% |
Summary: The Wesley Chapel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 160 | 150 | -6.3% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
9 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. 52.7% of homes here sold below asking price last month.
Summary: A total of 150 homes were sold or pending in Wesley Chapel in April 2024, down by 6.3% month-over-month. Of the 150 sold homes, 53% were sold under asking, 41% were sold at asking, and 6% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 50 Days | +14.6% |
Summary: Homes in Wesley Chapel had an average of 50 days on market in Apr 2024, up by 14.6% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
31 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 April 2024, 150 homes were sold in Wesley Chapel; 49% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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