Terrace Park
Homes for Sale in Wesley Chapel, FL
All 673 homes for sale in Wesley Chapel, FL · median $439,000 · 294 homes for sale in 33543 · Pasco County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Over the 12 months ending 2026-09-20, 5 recorded sales closed at a median of $99,900, $93 per square foot, a median 21 days on market, sellers accepting 95% of original asking (-54% versus the prior year). At the median price and Pasco County's FY2025-26 rate of 16.15 mills, annual property tax runs about $1,610 ($960 with the full homestead exemption).
| Location | Wesley Chapel, Pasco County, FL · ZIP 33543 |
|---|---|
| Homes in the community | 171 (FL DOR 2025 assessment roll) |
| Years built | 1967–2005 (median 1987) |
| Typical living area | 1,388 sq ft (median) |
| Sale prices, last 12 months | $99,900 median across 5 closed sales · $93 per sq ft · -54.1% vs the prior 12 months |
| Days on market (closed sales) | 21 median |
| Owner-occupied (homestead) share | 66% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2013 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Terrace Park Ph 03 key facts,” movewithmomentum.com/neighborhoods/terrace-park-ph-03, data as of September 20, 2026.
Terrace Park Ph 03 is a small phase within a larger Wesley Chapel community, and the honest truth is that our current snapshot is thin — closings over the last window are limited, so there is no reliable median or spread to quote here yet. When inventory is this sparse, price is set less by a neighborhood-wide market and more by the condition and specifics of whatever single home happens to be on the market.
For a buyer, that means the comps you lean on will likely come from the broader area rather than this phase alone, and pricing judgment matters more than pulling an average. For a seller, it means your home will largely define the market rather than follow it — which cuts both ways. We would rather tell you that plainly than manufacture a number.
Terrace Park right now
🔴 Off the recent peak. The trailing-12-month median ($100K) is down 54.1% from the prior 12 months ($218K). With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending September 20. Confidence: Low (5 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Terrace ParkHomes for Sale in Wesley Chapel, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Terrace Park market snapshot (as of September 20, 2026): the median sale price is about $100K ($93 per sq ft over the trailing 12 months of closed sales), and a median 21 days on market for closed sales. The trailing-12-month median is down 54% from the prior 12 months, computed from record-level Stellar MLS closed sales (5 closings in the current window).
In ZIP 33543 (Wesley Chapel), 1,737 homes closed in the last 12 months at a median of $418K ($196/sq ft), down 4.6% year over year, with a median 44 days on market. Right now 354 active and 130 pending listings put supply at about 4.3 months — a balanced market. See the live ZIP 33543 housing market and the Pasco County market.
County records show 16 qualified sales in Terrace Park across 2024–2025 (7 in 2024, 9 in 2025), median $160,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Terrace Park is a community of 171 homes in Wesley Chapel, Pasco County, built between 1967 and 2005 (median 1987), with a median living area of about 1,388 square feet. 66% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Terrace Park Ph 03 is a defined phase inside Wesley Chapel, Pasco County; with only a small number of recent closings to reference, it reads more as part of a larger community fabric than as a standalone micro-market.
Who Terrace Park is best for.
Best for
- Buyers who want a Wesley Chapel address and are comfortable evaluating a home on condition and layout rather than a phase-level price trend
- Sellers willing to let a strong, well-prepped home define the market in a low-activity phase
- Patient buyers who can act decisively when the right property in a small phase becomes available
Probably not for
- Buyers who want to negotiate against a long list of recent comparable sales in the same phase
- Sellers expecting a predictable, data-rich local benchmark to price against
- Anyone who needs steady, high-volume turnover to feel confident about liquidity
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($100K) IS the median in the snapshot above, and the move from 2025 ($218K) IS the -54.1% one-year change.
Windows contain 0 to 9 sales each (5 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2013 through 2026. Deemed reliable but not guaranteed.
25% of homes for sale in ZIP 33543 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
Housing distress & ownership in Terrace Park Ph 03, Wesley Chapel
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
The Terrace Park buying strategy.
If we were buying in Terrace Park today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terrace Park.
A thin-data phase
The single most useful thing to understand about this phase is scale. It is one section of a bigger Wesley Chapel development, and the recent closing activity here is limited enough that any statistical picture would be noise dressed up as signal. We are not going to pretend otherwise.
Practically, that shifts the work onto the individual property. Layout, condition, lot position, and what has recently traded nearby will drive value more than any phase-level trend. This is a place where a careful, home-by-home read beats a spreadsheet — and where the surrounding Wesley Chapel context does most of the explaining.
The location and the amenities are priced into every listing in Terrace Park. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Terrace Park buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (4.4). Basis: Recent Direction -54.1% year-over-year; Owner Commitment 66% owner-occupied; Pricing Power 95.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a phase with this little recent activity, the value of a local broker is in the comp work, not the headline stat. We pull from the wider Wesley Chapel market, weigh condition honestly, and price to what a specific home actually offers rather than to a number that does not exist for this phase. If the data is thin, we will say so and build the case from the ground up.
Terrace Park in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Terrace Park buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terrace Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terrace Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terrace Park home worth?
Get a no-obligation home value based on real comparable sales in Terrace Park, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Wesley Chapel →
Frequently Asked Questions
What is the median home price in Terrace Park?
How long do homes in Terrace Park take to sell?
How many homes are in Terrace Park?
What share of Terrace Park is owner-occupied?
When were the homes in Terrace Park built?
Who is the best real estate agent for Terrace Park?
How do I find a top Wesley Chapel real estate agent who knows Terrace Park?
Can Momentum Realty connect me with an agent for Terrace Park?
Where is Terrace Park, and what county is it in?
Is Terrace Park a good place to live?
Should you buy in Terrace Park?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (6 streets, ZIP 33543)) |
| Under-contract shares | Stellar MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2013 (54 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Terrace Park Ph 03 fits the bigger picture — live prices, inventory, and Momentum Scores:
Schools serving nearby communities
We do not have a confirmed school assignment for Terrace Park. These are the public schools most often assigned to other communities in ZIP 33543; zones change and vary by address, so confirm with the district before you buy.
- John Long Middle School · Middle (assigned to 3 nearby communities)
- Wiregrass Ranch High School · High · FLDOE grade A (assigned to 3 nearby communities)
- Double Branch Elementary School · Elementary · FLDOE grade A (assigned to 2 nearby communities)
- Raymond B. Stewart Middle School · Middle · FLDOE grade C (assigned to 2 nearby communities)
- Zephyrhills High School · High · FLDOE grade C (assigned to 2 nearby communities)
Assignments from district data for neighboring communities; grades are official Florida Department of Education school grades (2025-26).
Nearby Communities
Explore more neighborhoods near Terrace Park with Momentum Realty’s local guides.