Is Lee County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lee County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Lee County was a Neutral 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

$395,836

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$16,147(+4.3%)

Key Takeaway

Homes in Lee County have sold for 4.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $189K$201K
+6.3%
2 $293.1K$318K
+8.5%
3 $392K$404.8K
+3.3%
4 $454.9K$446.1K
-1.9%
5+ $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
+31.7%
Hendry County
+12.8%
Lee County
+4.3%
Charlotte County
-3.4%

Housing Supply in Lee County, FL

How many homes are available in Lee County, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
12,65814,149+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

# BEDSJan 2024Feb 2024CHANGE
1 202234
+15.8%
2 3,0623,464
+13.1%
3 6,4067,198
+12.4%
4 2,5062,734
+9.1%
5+ 482519
+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 2024Feb 2024CHANGE
1,1071,287+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lee County, you may be able to get a good deal. 75.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
39 Days67 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lee County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 18 Days Ago

Newest Listings in Lee County, FL

Nearby Markets to Lee County, FL

What housing markets are near Lee County, FL?