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Wesley Chapel Home Market Profile March 6, 2009Median List Price | $ 195,000 |  |
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Average List Price | $ 241,753 | | Least Expensive Listing | $ 79,900 | | Most Expensive Listing | $ 1,350,000 | | Asking Price per Square Foot | $ 96 | | Average Days on Market | 157 |  | Total Inventory | 740 | | Absorbed This Week* | 52 | | Percent of Properties with Price Decrease | 41 % | | Percent Relisted (reset DOM) | 3 % | | Percent Flip (price increased) | 2 % | | Median House Size (sq ft) | 2,065 | | Median Lot Size | 6,501 - 8,000 sq ft | | Median Number of Bedrooms | 4.0 | | Median Number of Bathrooms | 2.0 | | Median Age | 6 | |
| |  | | Upward Trend | Downward Trend | No Clear Trend |
Wesley Chapel Real Estate Market
Action Index Market Action index | Buyer's | 14 | |
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Altos Research calculates the Market Action Index which measures available supplyrelative to the current level of demand. Index value above 30 indicates conditions favor the seller. See the section below for full details. *Metric "Absorbed this Week" covers properties sold and those taken off the market for other reasons. Since sales sometimes take months to close, it is impossible to discern in real-time exactly which properties sold. | Wesley Chapel Home Trends |
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Inventory has been lightening lately and the Market Action Index has been trending up. Though days- on-market is increasing, these are mildly positive indications for the market. | | The Wesley Chapel Market is currently quite strongly in the Buyer's Market zone(below 30). The 90-day Market Action Index stands at 14. With several months of inventory available at the current sales rate, buyers should find ample choice. Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market. |  |
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Wesley Chapel FL Real Estate Market News, Inventory and Analysis
Wesley Chapel Median Home Price | Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market. |
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Wesley Chapel Inventory | Inventory
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply. | 
Wesley Chapel Median Price Per Square ft | Price and Value
Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details |  ;
Wesley Chapel Average Days on Market | Active Days on Market
The properties have been on the market for an average of 160 days. Half of the listings have come newly on the market in the past 126 or so days. |
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