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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaBelle is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, LaBelle has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in LaBelle, FL

How much do homes in LaBelle, FL cost?

Median Sold Price

$303,387

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,112(-4.4%)

Key Takeaway

Homes in LaBelle have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in LaBelle was $303,387 in October 2024, down 4.4% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $177K$146.2K
-17.4%
2 $230K$228.5K
-0.7%
3 $326.4K$304.9K
-6.6%
4 $325K$319K
-1.8%
5+ $339.5K$250K
-26.4%

Summary: LaBelle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 26.4%.

Median Sold Price Compared To Nearby Cities

Southwest Glades
+15.0%
LaBelle
-4.4%

Housing Supply in LaBelle, FL

How many homes are available in LaBelle, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
304287-5.6%

Summary: The LaBelle real estate market had 287 homes for sale in October 2024, a 5.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3028
-6.7%
3 167167
0.0%
4 9583
-12.6%
5+ 107
-30.0%

Summary: The LaBelle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3623-36.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaBelle, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in LaBelle in October 2024, down by 36.1% month-over-month. Of the 23 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for LaBelle, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days66 Days+19.5%

Summary: Homes in LaBelle had an average of 66 days on market in Oct 2024, up by 19.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 23 homes were sold in LaBelle; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% 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 20 Days Ago

Newest Listings in LaBelle, FL

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