Is LaBelle, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaBelle is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, LaBelle was a Seller's Market.

Key Takeaway

LaBelle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in LaBelle, FL

How much do homes in LaBelle, FL cost?

Median Sold Price

$314,095

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$6,805(-2.1%)

Key Takeaway

Homes in LaBelle have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in LaBelle was $314,095 in February 2024, down 2.1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$148K
N/A
2 $205K$230K
+12.2%
3 $334.9K$320K
-4.5%
4 $336.4K$325K
-3.4%
5+ $699K$240K
-65.7%

Summary: LaBelle housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 65.7%.

Median Sold Price Compared To Nearby Cities

Southwest Glades
+25.5%
LaBelle
-2.1%

Housing Supply in LaBelle, FL

How many homes are available in LaBelle, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
202222+9.9%

Summary: The LaBelle real estate market had 222 homes for sale in February 2024, a 9.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1015
+50.0%
3 121124
+2.5%
4 6373
+15.9%
5+ 68
+33.3%

Summary: The LaBelle housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
217-66.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaBelle, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in LaBelle in February 2024, down by 66.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for LaBelle, FL

How long does it take to sell a home in LaBelle, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
65 Days73 Days+13.4%

Summary: Homes in LaBelle had an average of 73 days on market in Feb 2024, up by 13.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in LaBelle has remained consistent over time.

Summary: During February 2024, 7 homes were sold in LaBelle; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in LaBelle, FL

Nearby Markets to LaBelle, FL

What housing markets are near LaBelle, FL?