Is Wesley Chapel, NC 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.
Housing Prices in Wesley Chapel, NC
How much do homes in Wesley Chapel, NC cost?
Median Sold Price
$616,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wesley Chapel was $616,000 in April 2024, up 0.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $462.5K | $475K | +2.7% |
3 Bedrooms | $456.5K | $430K | -5.8% |
4 Bedrooms | $573K | $672.5K | +17.4% |
5+ Bedrooms | $712.5K | $720K | +1.1% |
Summary: Wesley Chapel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Waxhaw | $589K | $710.1K | +20.6% |
Weddington | $865.5K | $976K | +12.8% |
Sandy Ridge Township | $732.6K | $795.3K | +8.6% |
Vance Township | $424.8K | $429.9K | +1.2% |
Wesley Chapel | $612.5K | $616K | +0.6% |
Housing Supply in Wesley Chapel, NC
How many homes are available in Wesley Chapel, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 34 | +25.9% |
Summary: The Wesley Chapel real estate market had 34 homes for sale in April 2024, a 25.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Wesley Chapel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Wesley Chapel in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 42 Days | +90.5% |
Summary: Homes in Wesley Chapel had an average of 42 days on market in Apr 2024, up by 90.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Wesley Chapel; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.