Is Lee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$397,712
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee County was $397,712 in April 2024, up 3.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $205K | +7.9% |
2 Bedrooms | $299.9K | $314.7K | +4.9% |
3 Bedrooms | $399.9K | $402.5K | +0.6% |
4 Bedrooms | $451.4K | $445.9K | -1.2% |
5+ Bedrooms | $524.5K | $555K | +5.8% |
Summary: Lee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Counties
Collier County | $600K | $648.6K | +8.1% |
Hendry County | $291.5K | $312.3K | +7.1% |
Lee County | $384.9K | $397.7K | +3.3% |
Charlotte County | $370.4K | $355K | -4.1% |
Glades County | $242.5K | $165K | -32.0% |
Housing Supply in Lee County, FL
How many homes are available in Lee County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14,398 | 14,762 | +2.5% |
Summary: The Lee County real estate market had 14,762 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 235 | 262 | +11.5% |
2 Bedrooms | 3,457 | 3,613 | +4.5% |
3 Bedrooms | 7,288 | 7,374 | +1.2% |
4 Bedrooms | 2,862 | 2,971 | +3.8% |
5+ Bedrooms | 556 | 542 | -2.5% |
Summary: The Lee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,947 | 1,905 | -2.2% |
Asking Price vs. Sold Price
1,406 Homes Were Sold
Under Asking
330 Homes Were Sold
At Asking
169 Homes Were Sold
Over Asking
Summary: A total of 1,905 homes were sold or pending in Lee County in April 2024, down by 2.2% month-over-month. Of the 1,905 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 66 Days | +58.1% |
Summary: Homes in Lee County had an average of 66 days on market in Apr 2024, up by 58.1% compared to last year.
Breakdown of Home Sale Times
733 Homes Were Sold
Under 30 Days
662 Homes Were Sold
In 30 - 90 Days
510 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1905 homes were sold in Lee County; 38% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.