Is Lee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$396,036
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lee County was $396,036 in May 2024, up 2.5% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190.1K | $204.5K | +7.6% |
2 Bedrooms | $300.9K | $313.5K | +4.2% |
3 Bedrooms | $399.9K | $400.1K | 0.0% |
4 Bedrooms | $450.1K | $439.9K | -2.3% |
5+ Bedrooms | $527K | $550K | +4.4% |
Summary: Lee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Counties
Collier County | $618.9K | $650.1K | +5.0% |
Hendry County | $299.5K | $309.9K | +3.5% |
Lee County | $386.4K | $396K | +2.5% |
Charlotte County | $368.9K | $355.4K | -3.6% |
Housing Supply in Lee County, FL
How many homes are available in Lee County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14,280 | 14,345 | 0.5% |
Summary: The Lee County real estate market had 14,345 homes for sale in May 2024, a 0.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 236 | 248 | +5.1% |
2 Bedrooms | 3,417 | 3,372 | -1.3% |
3 Bedrooms | 7,147 | 7,208 | +0.9% |
4 Bedrooms | 2,931 | 2,927 | -0.1% |
5+ Bedrooms | 549 | 590 | +7.5% |
Summary: The Lee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,052 | 1,857 | -9.5% |
Asking Price vs. Sold Price
1,358 Homes Were Sold
Under Asking
354 Homes Were Sold
At Asking
145 Homes Were Sold
Over Asking
Summary: A total of 1,857 homes were sold or pending in Lee County in May 2024, down by 9.5% month-over-month. Of the 1,857 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 68 Days | +58.2% |
Summary: Homes in Lee County had an average of 68 days on market in May 2024, up by 58.2% compared to last year.
Breakdown of Home Sale Times
715 Homes Were Sold
Under 30 Days
660 Homes Were Sold
In 30 - 90 Days
482 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1857 homes were sold in Lee County; 39% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.