Quantcast

Pasco Reporter

Wednesday, December 4, 2024

Pasco County home prices remained unchanged in Q2

Webp j02s2ipu4sqc5ok3xjyy3c9e1vno

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 the second quarter of 2024 in Pasco County was unchanged, while total sales decreased by 5.5%, according to BlockShopper.com.

From April through June of 2024, 1,464 homes were sold in the county, with sale prices around $305,000. This median price remained the same as during the same period in 2023, when there were 1,549 homes sold.

Based on the latest available data from 2020, the median sales tax on homes in Pasco County was $1,917, which equates to 0.6% of the median home sale price for the second quarter of 2024.

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 April 2023 to June 2024.

Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024$305,000$305,000$315,000$315,000$306,000$306,000$285,000$285,000$305,000$305,000

MORE NEWS