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 seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Lee County has remained a Seller's Market.

Key Takeaway

Lee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lee County, FL cost?

Median Sold Price

$361,182

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$78,736(+27.9%)

Key Takeaway

Homes in Lee County have sold for 27.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $132K$169.9K
+28.7%
2 $199.9K$272.4K
+36.2%
3 $294.3K$373.5K
+26.9%
4 $364.8K$449.9K
+23.3%
5+ $404.4K$546.2K
+35.1%

Median Sold Price Compared To Nearby Counties

Charlotte County
+31.6%
Lee County
+27.9%
Collier County
+25.0%
Hendry County
+11.1%

How many homes are available in Lee County, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
5,8815,8960.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 109103
-5.5%
2 1,1921,172
-1.7%
3 3,1533,172
+0.6%
4 1,1621,191
+2.5%
5+ 265258
-2.6%

Number of Homes Sold

Jul 2022Aug 2022%
1,2551,177-6.2%

Asking Price vs. Sold Price

662 Homes Were Sold
Under Asking

312 Homes Were Sold
At Asking

203 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. 56.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
16 Days22 Days+34.1%

Breakdown of Home Sale Times

855 Homes Were Sold
Under 30 Days

284 Homes Were Sold
In 30 - 90 Days

37 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.

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

About Lee County, FL

Lee County, FL has 5,896 homes for sale to choose from. Between July 2022 and August 2022, Lee County, FL real estate market has seen increase in the number of listings by 0.3%. The median list price of listings available in August 2022 was $361,182, while the average time on the real estate market was 22 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 28.7%, 2 bedrooms properties prices increased by 36.2%, prices of 3 bedrooms properties went up by 26.9%, prices of 4 bedrooms properties went up by 23.3%, prices of 5 bedrooms properties went up by 35.1%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 5.5%, 2 bedrooms homes became 1.7% less available, the quantity of 3 bedrooms homes went up by 0.6%, the quantity of 4 bedrooms homes went up by 2.5%, 5 bedrooms homes inventory decreased by 2.6%. In August 2022, from all listings sold in Lee County, FL there were more than 203 sold above asking price, over 662 sold below and more than 312 were sold right at the asked price.

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