Is Lehigh Acres, 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, 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
$365,133
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lehigh Acres have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Lehigh Acres was $365,133 in April 2024, up 4.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $187.5K | +4.2% |
| 2 Bedrooms | $286.2K | $307K | +7.3% |
| 3 Bedrooms | $349.3K | $357.4K | +2.3% |
| 4 Bedrooms | $390K | $399.5K | +2.4% |
| 5+ Bedrooms | $441.5K | $528K | +19.6% |
Summary: Lehigh Acres housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Estero | $491.6K | $541K | +10.0% |
| Fort Myers Shores | $414.3K | $435K | +5.0% |
| Lehigh Acres | $350.5K | $365.1K | +4.2% |
| Fort Myers | $364.5K | $370.3K | +1.6% |
| Alva | $445K | $450K | +1.1% |
Housing Supply in Lehigh Acres, FL
How many homes are available in Lehigh Acres, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,966 | 3,009 | +1.4% |
Summary: The Lehigh Acres real estate market had 3,009 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 534 | 540 | +1.1% |
| 3 Bedrooms | 1,568 | 1,594 | +1.7% |
| 4 Bedrooms | 683 | 707 | +3.5% |
| 5+ Bedrooms | 170 | 156 | -8.2% |
Summary: The Lehigh Acres housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 8.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 471 | 453 | -3.8% |
Asking Price vs. Sold Price
285 Homes Were Sold
Under Asking
103 Homes Were Sold
At Asking
65 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. 62.9% of homes here sold below asking price last month.
Summary: A total of 453 homes were sold or pending in Lehigh Acres in April 2024, down by 3.8% month-over-month. Of the 453 sold homes, 63% were sold under asking, 23% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 56 Days | +22.9% |
Summary: Homes in Lehigh Acres had an average of 56 days on market in Apr 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
197 Homes Were Sold
Under 30 Days
167 Homes Were Sold
In 30 - 90 Days
89 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 April 2024, 453 homes were sold in Lehigh Acres; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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