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Pasco Reporter

Thursday, November 21, 2024

Pasco County home prices rose in 2023

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Nichole Alvarez-Sowles, Clerk of Pasco County | https://www.pascoclerk.com/

Nichole Alvarez-Sowles, Clerk of Pasco County | https://www.pascoclerk.com/

The median sale price of a home sold in 2023 in Pasco County rose by $10,250, while total sales decreased by 26.8%, according to BlockShopper.com.

Throughout 2023, 5,215 homes were sold in the county, with a median sale price of $301,000. This is a 3.5% increase over the $290,750 median sale price during the same period in 2022, when there were 7,126 homes sold.

Based on the latest available data from 2020, the median sales tax in Pasco County was $1,917, which stands at 0.6% of the median home sale price for 2023.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Pasco County from January 2022 to December 2023.

20222023$290,750$290,750$301,000$301,000

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