Is Wesley Chapel, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$427,358
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wesley Chapel was $427,358 in May 2024, up 4.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44K | $90K | +104.5% |
2 Bedrooms | $299.3K | $260K | -13.1% |
3 Bedrooms | $354.2K | $352.7K | -0.4% |
4 Bedrooms | $480K | $489K | +1.9% |
5+ Bedrooms | $678.5K | $665K | -2.0% |
Summary: Wesley Chapel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104.5%, 2 bedroom homes decreased by 13.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Wesley Chapel | $410.5K | $427.3K | +4.1% |
Lutz | $480.6K | $491.4K | +2.3% |
Central Pasco | $411.9K | $419.9K | +2.0% |
Land O Lakes | $450K | $417.6K | -7.2% |
Thonotosassa | $410K | $368K | -10.2% |
Housing Supply in Wesley Chapel, FL
How many homes are available in Wesley Chapel, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
899 | 918 | +2.1% |
Summary: The Wesley Chapel real estate market had 918 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 59 | 69 | +16.9% |
3 Bedrooms | 366 | 371 | +1.4% |
4 Bedrooms | 306 | 317 | +3.6% |
5+ Bedrooms | 166 | 160 | -3.6% |
Summary: The Wesley Chapel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
180 | 204 | +13.3% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
92 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 204 homes were sold or pending in Wesley Chapel in May 2024, up by 13.3% month-over-month. Of the 204 sold homes, 48% were sold under asking, 45% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 39 Days | +3.1% |
Summary: Homes in Wesley Chapel had an average of 39 days on market in May 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During May 2024, 204 homes were sold in Wesley Chapel; 51% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.