Is Immokalee, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Immokalee is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Immokalee was a Seller's Market.

Key Takeaway

Immokalee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Immokalee, FL

How much do homes in Immokalee, FL cost?

Median Sold Price

$561,038

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,377(+2.4%)

Key Takeaway

Homes in Immokalee have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Immokalee was $561,038 in October 2024, up 2.4% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$356K
N/A
2 $458.2K$457.5K
-0.2%
3 $530K$556K
+4.9%
4 $640K$695K
+8.6%
5+ $923.5K$780K
-15.5%

Summary: Immokalee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 15.5%.

Median Sold Price Compared To Nearby Cities

Bonita Springs
+5.4%
Estero
+4.2%
Immokalee
+2.4%

Housing Supply in Immokalee, FL

How many homes are available in Immokalee, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
852869+2.0%

Summary: The Immokalee real estate market had 869 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 182177
-2.7%
3 446441
-1.1%
4 164188
+14.6%
5+ 5961
+3.4%

Summary: The Immokalee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 3.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10974-32.1%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Immokalee, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in Immokalee in October 2024, down by 32.1% month-over-month. Of the 74 sold homes, 78% were sold under asking, 16% were sold at asking, and 5% were sold over asking.

Days on Market for Immokalee, FL

How long does it take to sell a home in Immokalee, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days71 Days+41.3%

Summary: Homes in Immokalee had an average of 71 days on market in Oct 2024, up by 41.3% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Immokalee are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 74 homes were sold in Immokalee; 38% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 36% 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 16 Days Ago

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