Median Sale Price Average Sale Price
Monthly Market Detail - February 2024 Townhouses and Condos Lee County
Median Sale Price
The median sale price reported for the month ( i . e . 50 % of sales were above and 50 % of sales were below )
Economists ' note : Median Sale Price is our preferred summary statistic for price activity because , unlike Average Sale Price , Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area . Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate . Median sale price only reflects the values of the homes that sold each month , and the mix of the types of homes that sell can change over time .
Month |
Median Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 340,000 |
3.0 % |
February 2024 |
$ 345,000 |
1.5 % |
January 2024 |
$ 340,000 |
6.3 % |
December 2023 |
$ 355,000 |
7.6 % |
November 2023 |
$ 354,500 |
9.8 % |
October 2023 |
$ 325,000 |
-1.5% |
September 2023 |
$ 329,000 |
2.8 % |
August 2023 |
$ 345,000 |
7.8 % |
July 2023 |
$ 322,500 |
-3.7% |
June 2023 |
$ 325,999 |
-7.1% |
May 2023 |
$ 350,250 |
1.5 % |
April 2023 |
$ 347,500 |
0.2 % |
March 2023 |
$ 346,250 |
9.2 % |
February 2023 |
$ 340,000 |
7.9 % |
$ 400K
$ 300K
2020 2021 2022 2023
$ 200K
$ 100K
$ 0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
Average Sale Price
The average sale price reported for the month ( i . e . total sales in dollars divided by the number of sales )
Economists ' note : Usually , we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices . However , Average Sale Price does have its uses — particularly when it is analyzed alongside the Median Sale Price . For one , the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area .
Month |
Average Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 441,276 |
-7.2% |
February 2024 |
$ 442,737 |
-2.3% |
January 2024 |
$ 439,299 |
-13.0% |
December 2023 |
$ 471,381 |
18.1 % |
November 2023 |
$ 457,219 |
14.0 % |
October 2023 |
$ 406,594 |
2.3 % |
September 2023 |
$ 407,623 |
2.9 % |
August 2023 |
$ 508,709 |
26.2 % |
July 2023 |
$ 391,590 |
-3.3% |
June 2023 |
$ 410,770 |
-13.5% |
May 2023 |
$ 432,822 |
-1.3% |
April 2023 |
$ 448,732 |
1.9 % |
March 2023 |
$ 466,663 |
16.4 % |
February 2023 |
$ 452,998 |
13.3 % |
$ 600K $ 500K $ 400K $ 300K $ 200K $ 100K
$ 0K
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Thursday , March 21 , 2024 . Next data release is Thursday , April 18 , 2024 .