Is Lee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Lee County was a Seller's Market.
Key Takeaway
Lee County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lee County, FL
How much do homes in Lee County, FL cost?
Median Sold Price
$392,642
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Lee County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Lee County was $392,642 in November 2023, up 4.8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180.5K | $200K | +10.8% |
| 2 Bedrooms | $284.8K | $312.9K | +9.8% |
| 3 Bedrooms | $384.6K | $404.4K | +5.1% |
| 4 Bedrooms | $460K | $449.5K | -2.3% |
| 5+ Bedrooms | $550K | $540.4K | -1.7% |
Summary: Lee County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Counties
| Collier County | $478.5K | $629.9K | +31.7% |
| Hendry County | $265K | $310.7K | +17.3% |
| Lee County | $374.6K | $392.6K | +4.8% |
| Charlotte County | $369.3K | $359.9K | -2.6% |
Housing Supply in Lee County, FL
How many homes are available in Lee County, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 10,469 | 11,191 | +6.9% |
Summary: The Lee County real estate market had 11,191 homes for sale in November 2023, a 6.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 192 | 181 | -5.7% |
| 2 Bedrooms | 2,421 | 2,627 | +8.5% |
| 3 Bedrooms | 5,249 | 5,669 | +8.0% |
| 4 Bedrooms | 2,214 | 2,289 | +3.4% |
| 5+ Bedrooms | 393 | 425 | +8.1% |
Summary: The Lee County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1,370 | 1,119 | -18.3% |
Asking Price vs. Sold Price
789 Homes Were Sold
Under Asking
228 Homes Were Sold
At Asking
102 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lee County, you may be able to get a good deal. 70.5% of homes here sold below asking price last month.
Summary: A total of 1,119 homes were sold or pending in Lee County in November 2023, down by 18.3% month-over-month. Of the 1,119 sold homes, 71% were sold under asking, 20% were sold at asking, and 9% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 34 Days | 52 Days | +52.6% |
Summary: Homes in Lee County had an average of 52 days on market in Nov 2023, up by 52.6% compared to last year.
Breakdown of Home Sale Times
517 Homes Were Sold
Under 30 Days
377 Homes Were Sold
In 30 - 90 Days
225 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lee County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 1119 homes were sold in Lee County; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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