Is Lehigh Acres, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lehigh Acres is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Lehigh Acres has remained a Buyer'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

$364,997

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$16,912(+4.9%)

Key Takeaway

Homes in Lehigh Acres have sold for 4.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $168.4K$174.5K
+3.6%
2 $279.7K$310K
+10.8%
3 $344.9K$355K
+2.9%
4 $385.3K$399K
+3.5%
5+ $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
+16.7%
Lehigh Acres
+4.9%
Fort Myers
+3.8%
Alva
-1.2%
Fort Myers Shores
-2.8%

Housing Supply in Lehigh Acres, FL

How many homes are available in Lehigh Acres, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,5302,781+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

# BEDSJan 2024Feb 2024CHANGE
1 1010
0.0%
2 445496
+11.5%
3 1,3421,509
+12.4%
4 577609
+5.5%
5+ 156157
+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 2024Feb 2024CHANGE
311269-13.5%

Asking Price vs. Sold Price

164 Homes Were Sold
Under Asking

66 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 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 2023Feb 2024CHANGE
38 Days65 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lehigh Acres has remained consistent over time.

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.

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

Report Updated 4 Days Ago

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