Median Sale Price Average Sale Price
Monthly Market Detail - February 2024 Single-Family Homes 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 |
$ 411,450 |
-4.8% |
February 2024 |
$ 420,495 |
-6.0% |
January 2024 |
$ 405,000 |
-3.6% |
December 2023 |
$ 399,000 |
-2.2% |
November 2023 |
$ 410,000 |
2.5 % |
October 2023 |
$ 400,000 |
-5.9% |
September 2023 |
$ 400,000 |
-3.5% |
August 2023 |
$ 405,810 |
-3.6% |
July 2023 |
$ 417,000 |
-0.7% |
June 2023 |
$ 430,000 |
-4.4% |
May 2023 |
$ 445,000 |
-5.3% |
April 2023 |
$ 438,000 |
-6.8% |
March 2023 |
$ 437,000 |
1.9 % |
February 2023 |
$ 447,500 |
9.1 % |
$ 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
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 |
$ 605,614 |
5.0 % |
February 2024 |
$ 585,183 |
2.1 % |
January 2024 |
$ 631,945 |
8.7 % |
December 2023 |
$ 539,765 |
-0.9% |
November 2023 |
$ 536,744 |
-2.0% |
October 2023 |
$ 547,676 |
3.0 % |
September 2023 |
$ 536,525 |
0.5 % |
August 2023 |
$ 535,629 |
-7.5% |
July 2023 |
$ 585,866 |
6.4 % |
June 2023 |
$ 570,159 |
-3.0% |
May 2023 |
$ 617,353 |
-6.3% |
April 2023 |
$ 640,646 |
4.8 % |
March 2023 |
$ 591,952 |
-2.1% |
February 2023 |
$ 573,104 |
0.6 % |
$ 700K $ 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 .