Is Lehigh Acres, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lehigh Acres was a Seller's Market.
Key Takeaway
Lehigh Acres is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lehigh Acres, FL
How much do homes in Lehigh Acres, FL cost?
Median Sold Price
$365,162
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Lehigh Acres have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Lehigh Acres was $365,162 in June 2024, up 2.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.9K | $185K | +6.4% |
| 2 Bedrooms | $295.8K | $305K | +3.1% |
| 3 Bedrooms | $350K | $359.1K | +2.6% |
| 4 Bedrooms | $395K | $399K | +1.0% |
| 5+ Bedrooms | $490K | $528.9K | +7.9% |
Summary: Lehigh Acres housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $380K | $450K | +18.4% |
| Estero | $519.6K | $545K | +4.9% |
| Fort Myers | $360.9K | $370.1K | +2.6% |
| Lehigh Acres | $356.5K | $365.1K | +2.4% |
| Alva | $445K | $448.1K | +0.7% |
Housing Supply in Lehigh Acres, FL
How many homes are available in Lehigh Acres, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2,965 | 2,900 | -2.2% |
Summary: The Lehigh Acres real estate market had 2,900 homes for sale in June 2024, a 2.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 496 | 467 | -5.8% |
| 3 Bedrooms | 1,568 | 1,556 | -0.8% |
| 4 Bedrooms | 704 | 695 | -1.3% |
| 5+ Bedrooms | 185 | 172 | -7.0% |
Summary: The Lehigh Acres housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 514 | 361 | -29.8% |
Asking Price vs. Sold Price
226 Homes Were Sold
Under Asking
91 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lehigh Acres, you may be able to get a good deal. 62.6% of homes here sold below asking price last month.
Summary: A total of 361 homes were sold or pending in Lehigh Acres in June 2024, down by 29.8% month-over-month. Of the 361 sold homes, 63% were sold under asking, 25% were sold at asking, and 12% were sold over asking.
Days on Market for Lehigh Acres, FL
How long does it take to sell a home in Lehigh Acres, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 42 Days | 60 Days | +42.3% |
Summary: Homes in Lehigh Acres had an average of 60 days on market in Jun 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
156 Homes Were Sold
Under 30 Days
119 Homes Were Sold
In 30 - 90 Days
86 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lehigh Acres are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 361 homes were sold in Lehigh Acres; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.