April 2025 Lee County Housing Market Overview

In April 2025, the Lee County housing market demonstrated significant activity, with a total of 1,952 properties sold amounting to over $1 billion. The sales spanned prominent areas including Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, and Sanibel.

Luxury Market Highlights

The luxury segment of the market continued to thrive, witnessing 156 high-end sales priced at $1 million or more—a notable increase from 145 sales in March.

• Most Expensive Sale: A stunning Gulf-front estate sold for $10.6 million.
• Golf Community Sales: 60% of the top ten sales occurred within golf communities such as Miromar Lakes, Grandezza, Bonita Bay, and Quail West, featuring properties priced between $3.15 million and $6.2 million.

As of the end of April, the overall property inventory stood at 14,804, slightly down from 15,309 in March. Despite this dip, the market continues to favor buyers, making it an ideal time to explore purchasing options.

Year-over-Year Comparison: Single-Family Homes

Key Metrics

• Closed Sales: Decreased by 0.8%, from 1,431 to 1,419.
• Pending Sales: Fell by 6.8%, from 1,627 to 1,516 transactions.
• Inventory: A significant increase of 37.4%, from 7,056 to 9,697 homes.
• New Listings: A slight decline of 2.5%, from 1,974 to 1,924.
• Median Days on Market: Increased by 16% to 58 days.
• Supply Level: Inventory ended April with an 8.7-month supply, up from 6.2 months last year.

Market Insights

Inventory levels remain relatively high, with listings decreasing from 9,997 in March to 9,697 in April. The median sales price also experienced a slight decline, decreasing from $395,000 in March to $390,000 in April, and down from $425,000 in April 2024.

Local pricing trends can vary significantly, and as the inventory rises in specific neighborhoods, home prices tend to soften, offering more favorable conditions for buyers.

Year-over-Year Comparison: Condominiums

Key Metrics

• Closed Sales: Decreased from 610 to 533, indicating a 12.6% decline.
• Pending Sales: Dropped by 13.1%, from 573 to 498.
• Inventory: Increased by 38.5%, reaching 5,107 condos available compared to 3,668 last year.
• New Listings: Decreased from 852 to 752, a 11.7% drop.
• Median Days to Contract: Increased to 74 days, a 42.3% rise year-over-year.
• Supply Level: Raised to a 14.3-month inventory, up 72.3% from last year.

Market Insights

Compared to the previous month, condo inventory decreased by 3.9%, indicating a slight shift in the market dynamics. While the average days on market increased from 71 to 74 days, this duration remains shorter than last year’s average of 52 days.

The median condo price rose to $302,000, a marginal increase from $295,000 in March, yet still lower than the previous year’s median of $339,700. Given the current inventory levels, the market is expected to remain favorable to buyers for the foreseeable future.

Cash Transactions

Notably, 67.7% of condo sales were cash transactions, a slight decrease from 68.3% in March. Buyers utilizing financing may need to be prepared for competition with cash purchasers.

Conclusion

The Lee County housing market is actively evolving, with opportunities present for both buyers and sellers. If you’re considering entering the market—whether buying or selling—now may be an excellent time to act.

For personal assistance with your real estate needs, reach out to local experts who can provide detailed insights and guidance tailored to your situation.

For further insights and detailed analyses on the housing market, visit Cobia Holdings.