Is Lee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lee County was a Seller's Market.
Housing Prices in Lee County, FL
How much do homes in Lee County, FL cost?
Median Sold Price
$397,085
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lee County was $397,085 in March 2024, up 4.1% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191K | $200K | +4.7% |
2 Bedrooms | $296.1K | $316.2K | +6.8% |
3 Bedrooms | $397.4K | $404.8K | +1.9% |
4 Bedrooms | $457.8K | $446.1K | -2.6% |
5+ Bedrooms | $525K | $550.1K | +4.8% |
Summary: Lee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Counties
Collier County | $532.6K | $645.8K | +21.3% |
Hendry County | $288.4K | $310K | +7.5% |
Lee County | $381.4K | $397K | +4.1% |
Charlotte County | $372.4K | $356.4K | -4.3% |
Housing Supply in Lee County, FL
How many homes are available in Lee County, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13,849 | 14,848 | +7.2% |
Summary: The Lee County real estate market had 14,848 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 226 | 249 | +10.2% |
2 Bedrooms | 3,336 | 3,585 | +7.5% |
3 Bedrooms | 7,055 | 7,525 | +6.7% |
4 Bedrooms | 2,717 | 2,923 | +7.6% |
5+ Bedrooms | 515 | 566 | +9.9% |
Summary: The Lee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,413 | 1,805 | +27.7% |
Asking Price vs. Sold Price
1,334 Homes Were Sold
Under Asking
327 Homes Were Sold
At Asking
144 Homes Were Sold
Over Asking
Summary: A total of 1,805 homes were sold or pending in Lee County in March 2024, up by 27.7% month-over-month. Of the 1,805 sold homes, 74% were sold under asking, 18% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 68 Days | +55.0% |
Summary: Homes in Lee County had an average of 68 days on market in Mar 2024, up by 55% compared to last year.
Breakdown of Home Sale Times
706 Homes Were Sold
Under 30 Days
569 Homes Were Sold
In 30 - 90 Days
530 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1805 homes were sold in Lee County; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.