Is Wesley Chapel, NC 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, NC
How much do homes in Wesley Chapel, NC cost?
Median Sold Price
$649,500
$226/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 $649,500 in May 2024, up 8.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $462.5K | $475K | +2.7% |
3 Bedrooms | $434.9K | $432.5K | -0.6% |
4 Bedrooms | $564.5K | $672.5K | +19.1% |
5+ Bedrooms | $701K | $750K | +7.0% |
Summary: Wesley Chapel housing prices by bedroom type for May 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 0.6%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Waxhaw | $599.4K | $730.8K | +21.9% |
Weddington | $900K | $990K | +10.0% |
Sandy Ridge Township | $730.1K | $801.8K | +9.8% |
Wesley Chapel | $600K | $649.5K | +8.3% |
Vance Township | $423.7K | $426.4K | +0.6% |
Housing Supply in Wesley Chapel, NC
How many homes are available in Wesley Chapel, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 35 | +2.9% |
Summary: The Wesley Chapel real estate market had 35 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Wesley Chapel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Wesley Chapel in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 12 Days | +72.1% |
Summary: Homes in Wesley Chapel had an average of 12 days on market in May 2024, up by 72.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Wesley Chapel; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.