Is Wesley Chapel, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wesley Chapel is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Wesley Chapel was a Seller's Market.

Key Takeaway

Wesley Chapel is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Wesley Chapel, FL

How much do homes in Wesley Chapel, FL cost?

Median Sold Price

$431,480

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,054(+5.4%)

Key Takeaway

Homes in Wesley Chapel have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Wesley Chapel was $431,480 in October 2024, up 5.4% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $43.5K$144K
+231.0%
2 $290K$311.7K
+7.5%
3 $341.7K$354.1K
+3.6%
4 $466.5K$489.9K
+5.0%
5+ $664.6K$635.3K
-4.4%

Summary: Wesley Chapel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 231%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Cities

Wesley Chapel
+5.4%
Lutz
+4.3%
Central Pasco
+1.7%
Thonotosassa
+0.7%
Land O Lakes
-3.5%

Housing Supply in Wesley Chapel, FL

How many homes are available in Wesley Chapel, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
891813-8.8%

Summary: The Wesley Chapel real estate market had 813 homes for sale in October 2024, a 8.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 5148
-5.9%
3 381356
-6.6%
4 307279
-9.1%
5+ 151129
-14.6%

Summary: The Wesley Chapel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 14.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
168130-22.6%

Asking Price vs. Sold Price

72 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wesley Chapel, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.

Summary: A total of 130 homes were sold or pending in Wesley Chapel in October 2024, down by 22.6% month-over-month. Of the 130 sold homes, 55% were sold under asking, 39% were sold at asking, and 5% 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

Oct 2023Oct 2024CHANGE
31 Days60 Days+93.2%

Summary: Homes in Wesley Chapel had an average of 60 days on market in Oct 2024, up by 93.2% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

32 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wesley Chapel has remained consistent over time.

Summary: During October 2024, 130 homes were sold in Wesley Chapel; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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