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Thursday, November 7, 2024

Falling home prices in Wesley Chapel in August 2020

Realestate077

The median sale price of a home sold in August 2020 in Wesley Chapel fell by $110,000 while total sales decreased by 28.6%, according to BlockShopper.com.

In August 2020, there were five homes sold, with a median sale price of $385,000 - a 22.2% decrease over the $495,000 median sale price for the same period of the previous year. There were seven homes sold in Wesley Chapel in August 2019.

The median sales tax in Wesley Chapel for the most recent year with available data, 2019, was $2,590, approximately 0.7% of the median home sale price for August 2020.

The following table compares Wesley Chapel to other Union County cities with similar median sale prices in August 2020:

CityAug. 2020 Home SalesAug. 2019 Home Sales% change (Total Home Sales)Aug. 2020 Median Sales PriceAug. 2019 Median Sales Price% change (Median Sales Price)
Weddington818-55.6%$793,000$702,75012.8%
Marvin811-27.3%$620,500$565,0009.8%
Waxhaw3069-56.5%$480,500$442,0008.7%
Mineral Springs14-75%$475,000$382,50024.2%
Wesley Chapel57-28.6%$385,000$495,000-22.2%
Stallings925-64%$300,000$267,00012.4%
Unionville17-85.7%$295,000$382,000-22.8%
Indian Trail2164-67.2%$292,000$254,50014.7%
Monroe1966-71.2%$220,500$208,5005.8%
Marshville51400%$198,500$120,00065.4%
Wingate56-16.7%$190,000$189,0000.5%

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