$10,000 Closing Credit*
$1,075,000
4,373 SqFt
5 Beds
•4 Full Baths, 1 Partial
Listing Office: eXp Realty, LLC
Is Wesley Chapel, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, NC
How much do homes in Wesley Chapel, NC cost?
Median Sold Price
$675,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100,000(+17.4%)
Key Takeaway
Homes in Wesley Chapel have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Wesley Chapel was $675,000 in October 2024, up 17.4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $467.5K | $525K | +12.3% |
| 3 Bedrooms | $425.4K | $450K | +5.8% |
| 4 Bedrooms | $561K | $670K | +19.4% |
| 5+ Bedrooms | $720K | $760K | +5.6% |
Summary: Wesley Chapel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Weddington | $921K | $1.1M | +29.0% |
| Wesley Chapel | $575K | $675K | +17.4% |
| Waxhaw | $672.1K | $740K | +10.1% |
| Sandy Ridge Township | $750.5K | $802.7K | +7.0% |
| Vance Township | $426.6K | $426K | -0.1% |
Housing Supply in Wesley Chapel, NC
How many homes are available in Wesley Chapel, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The Wesley Chapel real estate market had 32 homes for sale in October 2024, a 17.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Wesley Chapel in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 20 Days | -55.5% |
Summary: Homes in Wesley Chapel had an average of 20 days on market in Oct 2024, down by 55.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 9 homes were sold in Wesley Chapel; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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