Is Lehigh Acres, 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, Lehigh Acres was a Seller's Market.
Key Takeaway
Lehigh Acres is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lehigh Acres, FL
How much do homes in Lehigh Acres, FL cost?
Median Sold Price
$365,020
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lehigh Acres have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Lehigh Acres was $365,020 in March 2024, up 4.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.4K | $185K | +11.1% |
| 2 Bedrooms | $285K | $309.1K | +8.5% |
| 3 Bedrooms | $347.1K | $355.3K | +2.4% |
| 4 Bedrooms | $390K | $399K | +2.3% |
| 5+ Bedrooms | $430K | $525K | +22.1% |
Summary: Lehigh Acres housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Estero | $475K | $537.3K | +13.1% |
| Fort Myers Shores | $413.1K | $435K | +5.3% |
| Lehigh Acres | $350K | $365K | +4.3% |
| Alva | $439K | $450K | +2.5% |
| Fort Myers | $364.5K | $370.2K | +1.6% |
Housing Supply in Lehigh Acres, FL
How many homes are available in Lehigh Acres, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,775 | 2,996 | +8.0% |
Summary: The Lehigh Acres real estate market had 2,996 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 503 | 547 | +8.7% |
| 3 Bedrooms | 1,481 | 1,599 | +8.0% |
| 4 Bedrooms | 623 | 677 | +8.7% |
| 5+ Bedrooms | 158 | 161 | +1.9% |
Summary: The Lehigh Acres housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 306 | 436 | +42.5% |
Asking Price vs. Sold Price
266 Homes Were Sold
Under Asking
110 Homes Were Sold
At Asking
60 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. 61% of homes here sold below asking price last month.
Summary: A total of 436 homes were sold or pending in Lehigh Acres in March 2024, up by 42.5% month-over-month. Of the 436 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 61 Days | +32.9% |
Summary: Homes in Lehigh Acres had an average of 61 days on market in Mar 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
186 Homes Were Sold
Under 30 Days
127 Homes Were Sold
In 30 - 90 Days
123 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 March 2024, 436 homes were sold in Lehigh Acres; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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