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Back to Blog postingsMay Lee County Housing Market
The May Lee County Housing Market reports showed 1,920 properties sold for $980 million in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas during the month.
The luxury market remained strong in May, with 145 properties sold at or above $1 million, down slightly from 156 sales in April. The highest-priced sale was a waterfront home on Bonita Beach for $10,900,000.
Additionally, seventy percent of the top 10 sales in the county were in golf communities. Luxury golf homes were sold in Miromar Lakes, Mediterra, Bonita Bay, Shadow Wood and Quail West, with prices ranging from $2,900,000 to $4,550,000.
Overall inventory ended the month with 13,981 properties for sale, down from 14,804 properties during the prior month. Ultimately, it remains a Buyer’s market. So, if you are looking for a good opportunity, now is a great time to explore your options.
2025 May Lee County Housing Market Report – Single-Family Homes
May 2025 versus May 2024 Single Family Home Highlights:
- Closed sales decreased 1.6 percent, going from 1,466 transactions to 1,443 sales.
- Pending sales increased 2.2 percent from 1,415 last May to 1,446 this May.
- Inventory increased 33.1 percent to 9,317 properties for sale, compared to 7,002 homes last year.
- New listings increased from 1,791 to 1,884 a 5.2 percent increase.
- Median days on market was 56 days, a 12 percent increase, versus May of 2024.
- Inventory of single-family homes for sale ended May with an 8.4-month supply, up from a 6.1-month supply in May 2024
So, even though the inventory of single family homes fell for two consecutive months, it remained elevated. Overall, the number of single-family homes decreased from 9,697 in April to $9,317 in May or a 4 percent drop. Ultimately, the month ended with an 8.4-month supply of homes for sale. So, there was a slight decrease from an 8.7-month supply during the prior month.
The median sales price decreased to $375,000 in May, down from $390,000 in April and $415,000 during the same time last year. Please note that prices may vary by neighborhood. A key factor is the available inventory within the neighborhood. As inventory increases, prices tend to decrease, giving buyers more opportunities.
Furthermore, the number of days from listing a home to contract fell slightly from 58 days to 56 days month over month. Ultimately, due to the current inventory levels, it’s crucial to price your home competitively from the outset if you’re considering selling.
Are you unsure of your home’s value? Call, email, or text us at 239.370.0892 for a FREE market analysis.
So, if you plan to buy property, now is a good time to start using our automatic property alerts to monitor the communities you are most interested in. Not sure which communities fit your lifestyle? Contact us, and we’ll help you target the neighborhoods offering the amenities, homes, and lifestyle you want to enjoy.
May Lee County Housing Market Report – Condos and Townhomes
May 2025 versus May 2024 Condo Highlights:
- Condo sales decreased from 515 to 477, or a 7.4 percent decline.
- Pending sales increased 1.7 percent from 404 last May to 411 this May.
- Inventory increased 28.5 percent to 4,664 condos for sale compared to the prior May, when there were only 3,629 units for sale.
- New listings decreased from 641 to 554, representing a 13.6% decrease.
- The median days to contract was 80 days, representing a 45.5 percent increase versus May 2024
- Condo inventory ended May with a 13.2-month supply of properties available for sale, a 57.1 percent increase over the previous year.
Overall, inventory decreased by 8.7 percent compared to April, representing a net reduction of 443 condos for sale.
Ultimately, Lee County finished the month with a 13.2-month supply of condos for sale, down from a 14.3-month supply during the prior month. Therefore, it remains a buyer’s market. As such, if you are a seller, you should assess the other properties available to ensure you align with the current market value.
Unlike the single-family home market, the days on market increased month-over-month from 74 days in April to 80 days in May. Additionally, the days on the market were well above last year’s average of 55 days for a property to go to contract. Ultimately, the DOM is still well below the traditional 120 days for a property to contract.
Also, the median condo price concluded the month at $310,000, up from the prior month’s $302,000. However, it was down from $340,000 compared to the preceding year. As long as inventory levels remain well above normal, the market will likely remain a buyer’s market for the foreseeable future.
Finally, 62.1 percent of condo transactions were cash sales, down from 67.7 percent during the previous month. Therefore, if you are financing your condo purchase, be aware that you will still be competing with many cash buyers.
Top 10 Luxury Lee County Golf Home Sales in May
- $4,550,000 – Quail West single family home – 97% of list price
- $4,500,000 – Bonita Bay single family home – 90% of list price
- $4,500,000 – Shadow Wood single family home – 100% of list price
- $3,800,000 – Mediterra single family home – 95% of list price
- $3,636,000 – Miromar Lakes single family home – 92% of list price
- $3,600,000 – Miromar Lakes single family home – 94% of list price
- $3,375,000 – Miromar Lakes single family home – 98% of list price
- $3,125,000 – Shadow Wood single family home – 96% of list price
- $3,025,000 – Miromar Lakes single family home – 95% of list price
- $2,900,000 – Bonita Bay condominium – 100% of list price
Southwest Florida April Housing Market Reports
2025 May Lee County Real Estate Market Stats – Single Family Homes
2025 May Lee County Real Estate Market Stats – Condos
Ultimately, whether you plan to purchase now or sometime in the future, it is a good time to start viewing homes online in neighborhoods that fit your criteria. To stay up to date, sign up for automatic property alerts.
Or, if you are thinking of selling, let’s connect to discuss timing. We will provide you with the latest market data for your neighborhood and help you decide if it makes sense to list your property. We will determine the optimum selling price together if you decide to move forward.
Which Golf Community is Right for You?
Navigating the 200-plus golf course communities Southwest Florida offers can be overwhelming. With over 20 years of experience, we’ve been assisting clients with finding their dream homes in golf communities. From luxury private golf communities to bundled golf communities, we will help you find the club, course, membership, amenities and location that will best match your lifestyle.
With two decades of experience helping buyers find the ideal property in golf communities in Southwest Florida, we’ve established exceptional relationships with the membership directors at each club. We will help facilitate conversations and appointments with membership directors so you can learn more about the club, its members, and membership options, including initiation fees, annual dues, and club amenities.
Call us today to start the process at 239.370.0892.
About Naples Golf Guy
For expert guidance in Southwest Florida real estate, contact Naples Golf Guy, Matt Klinowski P.A. Whether you’re looking to buy a single-family home or condo in Naples, Bonita Springs, Estero, Ft. Myers or Sarasota I can help. With over 20 years of experience, I offer valuable market information and insights into individual communities to help you find the perfect home and lifestyle in the best golf community to fit your needs. Reach out to me today to get started!
Contact Matt: Matt@NaplesGolfGuy.com or at 239-370-0892
