Homes sales prices down in Lee County, Cape Coral, FL compared to 2024. See how much here
The median home sold for $370,662, an analysis of data from Realtor.com shows. That means April, the most recent month for which figures are available, was slightly up, but just barely, from March.
Compared to April 2024, the median home sales price was down 7.3% compared to $399,990.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.news-press.com.
Here is a breakdown on median sale prices:
Looking only at single-family homes, the $388,500 median selling price in Lee County was slightly down in April from $389,875 the month prior. Since April 2024, the sales price of single-family homes was down 7.7% from a median of $420,944. One hundred forty-four single family homes sold for $1 million or more during the month, compared to 215 recorded transactions of at least $1 million in April 2024.
Condominiums and townhomes increased by 3.4% in sales price during April to a median of $300,000 from $290,000 in March. Compared to April 2024, the sales price of condominiums and townhomes was down 9.5% from $331,500. Fifty-six condominiums or townhomes sold for $1 million or more during the month, compared to 37 recorded transactions of at least $1 million in April 2024.
In April, the number of recorded sales in Lee County dropped by 6.1% since April 2024 — from 2,404 to 2,257. All residential home sales totaled $1.2 billion.
Across Florida, homes sold at a median of $380,298 during April, a slight decrease from $380,563 in March. There were 35,857 recorded sales across the state during April, down 15.3% from 42,340 recorded sales in April 2024.
Here's a breakdown for the full state:
The total value of recorded residential home sales in Florida decreased by 10.1% from $24.9 billion in March to $22.4 billion this April.
Out of all residential home sales in Florida, 9.14% of homes sold for at least $1 million in April, down from 10.12% in April 2024.
Sales prices of single-family homes across Florida slightly decreased from a median of $401,633 in March to $400,000 in April. Since April 2024, the sales price of single-family homes across the state was down 3.2% from $413,277.
Across the state, the sales price of condominiums and townhomes rose 1.2% from a median of $306,778 in March to $310,369 during April. The median sales price of condominiums and townhomes is down 6.4% from the median of $331,645 in April 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Fort Myers News-Press: Cape Coral, Fort Myers, Lee County, home prices down to last year
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