Is Lee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lee County was a Neutral Market.
Housing Prices in Lee County, FL
How much do homes in Lee County, FL cost?
Median Sold Price
$395,836
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lee County was $395,836 in February 2024, up 4.3% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189K | $201K | +6.3% |
2 Bedrooms | $293.1K | $318K | +8.5% |
3 Bedrooms | $392K | $404.8K | +3.3% |
4 Bedrooms | $454.9K | $446.1K | -1.9% |
5+ Bedrooms | $538.6K | $550K | +2.1% |
Summary: Lee County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
Collier County | $485.8K | $639.8K | +31.7% |
Hendry County | $275.7K | $311K | +12.8% |
Lee County | $379.6K | $395.8K | +4.3% |
Charlotte County | $372.1K | $359.3K | -3.4% |
Housing Supply in Lee County, FL
How many homes are available in Lee County, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12,658 | 14,149 | +11.8% |
Summary: The Lee County real estate market had 14,149 homes for sale in February 2024, a 11.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 202 | 234 | +15.8% |
2 Bedrooms | 3,062 | 3,464 | +13.1% |
3 Bedrooms | 6,406 | 7,198 | +12.4% |
4 Bedrooms | 2,506 | 2,734 | +9.1% |
5+ Bedrooms | 482 | 519 | +7.7% |
Summary: The Lee County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,107 | 1,287 | +16.3% |
Asking Price vs. Sold Price
969 Homes Were Sold
Under Asking
216 Homes Were Sold
At Asking
102 Homes Were Sold
Over Asking
Summary: A total of 1,287 homes were sold or pending in Lee County in February 2024, up by 16.3% month-over-month. Of the 1,287 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Lee County, FL
How long does it take to sell a home in Lee County, FL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 67 Days | +68.6% |
Summary: Homes in Lee County had an average of 67 days on market in Feb 2024, up by 68.6% compared to last year.
Breakdown of Home Sale Times
477 Homes Were Sold
Under 30 Days
458 Homes Were Sold
In 30 - 90 Days
352 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1287 homes were sold in Lee County; 37% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.