$6,947 Closing Credit*
$585,000
1,498 SqFt
3 Beds
•2 Full Baths
Diane Boutin, Listing Office: Berkshire Hathaway Florida
Is Lee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lee County was a Seller's Market.
Key Takeaway
Lee County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lee County, FL
How much do homes in Lee County, FL cost?
Median Sold Price
$390,115
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31(0.0%)
Key Takeaway
The sold price of homes in Lee County has remained the same since last year.
Summary: The median home sold price in Lee County was $390,115 in October 2024, the same as last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $192.5K | -2.8% |
| 2 Bedrooms | $310.2K | $309.2K | -0.3% |
| 3 Bedrooms | $400.1K | $392.8K | -1.8% |
| 4 Bedrooms | $443.7K | $428.9K | -3.3% |
| 5+ Bedrooms | $540K | $550K | +1.9% |
Summary: Lee County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Counties
| Glades County | $222K | $260K | +17.1% |
| Collier County | $630K | $648.7K | +3.0% |
| Lee County | $390K | $390.1K | 0.0% |
| Charlotte County | $362K | $349.9K | -3.3% |
| Hendry County | $311.9K | $300.6K | -3.6% |
Housing Supply in Lee County, FL
How many homes are available in Lee County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12,100 | 12,749 | +5.4% |
Summary: The Lee County real estate market had 12,749 homes for sale in October 2024, a 5.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 223 | 249 | +11.7% |
| 2 Bedrooms | 2,762 | 2,971 | +7.6% |
| 3 Bedrooms | 5,981 | 6,257 | +4.6% |
| 4 Bedrooms | 2,585 | 2,704 | +4.6% |
| 5+ Bedrooms | 549 | 568 | +3.5% |
Summary: The Lee County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,297 | 1,037 | -20.0% |
Asking Price vs. Sold Price
768 Homes Were Sold
Under Asking
185 Homes Were Sold
At Asking
84 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lee County, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.
Summary: A total of 1,037 homes were sold or pending in Lee County in October 2024, down by 20.0% month-over-month. Of the 1,037 sold homes, 74% were sold under asking, 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 78 Days | +45.7% |
Summary: Homes in Lee County had an average of 78 days on market in Oct 2024, up by 45.7% compared to last year.
Breakdown of Home Sale Times
354 Homes Were Sold
Under 30 Days
337 Homes Were Sold
In 30 - 90 Days
346 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lee County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1037 homes were sold in Lee County; 34% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.