Is Lehigh Acres, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Lehigh Acres has remained a Buyer's Market.
Housing Prices in Lehigh Acres, FL
How much do homes in Lehigh Acres, FL cost?
Median Sold Price
$364,997
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lehigh Acres was $364,997 in February 2024, up 4.9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168.4K | $174.5K | +3.6% |
2 Bedrooms | $279.7K | $310K | +10.8% |
3 Bedrooms | $344.9K | $355K | +2.9% |
4 Bedrooms | $385.3K | $399K | +3.5% |
5+ Bedrooms | $420K | $525K | +25.0% |
Summary: Lehigh Acres housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Estero | $455K | $531.1K | +16.7% |
Lehigh Acres | $348K | $364.9K | +4.9% |
Fort Myers | $356.3K | $369.7K | +3.8% |
Alva | $450K | $444.7K | -1.2% |
Fort Myers Shores | $415K | $403.3K | -2.8% |
Housing Supply in Lehigh Acres, FL
How many homes are available in Lehigh Acres, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2,530 | 2,781 | +9.9% |
Summary: The Lehigh Acres real estate market had 2,781 homes for sale in February 2024, a 9.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 445 | 496 | +11.5% |
3 Bedrooms | 1,342 | 1,509 | +12.4% |
4 Bedrooms | 577 | 609 | +5.5% |
5+ Bedrooms | 156 | 157 | +0.6% |
Summary: The Lehigh Acres housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 0.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
311 | 269 | -13.5% |
Asking Price vs. Sold Price
164 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 269 homes were sold or pending in Lehigh Acres in February 2024, down by 13.5% month-over-month. Of the 269 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 65 Days | +70.7% |
Summary: Homes in Lehigh Acres had an average of 65 days on market in Feb 2024, up by 70.7% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
109 Homes Were Sold
In 30 - 90 Days
65 Homes Were Sold
Over 90 Days
Summary: During February 2024, 269 homes were sold in Lehigh Acres; 35% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.