LEE COUNTY MARKET UPDATE · FEBRUARY 2025
Gulf-Access Prices Dip 15%: A Window for Waterfront Buyers
In February 2025, Gulf-access homes sold for a median of $735,000, down 15% from a year ago, while inland homes held steady at $390,000. 741 single-family homes closed across our five Lee County areas, down 7% from a year earlier. With 10 to 13 months of supply, buyers have real choices, and well-priced homes are still closing at 94–98% of asking.
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Common Questions
Are home prices going up in Cape Coral?
In February 2025, the median single-family sale price in Cape Coral was $399,950, down 3.4% from $414,220 in February 2024. Gulf-access homes in Cape Coral had a median of $735,000, compared with $365,000 for inland homes.
How much more do Gulf-access homes cost in Southwest Florida?
Across Cape Coral, Fort Myers, North Fort Myers, Estero and Bonita Springs, Gulf-access single-family homes sold for a median of $735,000 in February 2025, about 1.9 times the $390,000 median for inland homes.
Is Lee County a buyer's market or a seller's market right now?
It's close to balanced. In February 2025, these areas had 10 to 13 months of supply. About 6 months is usually considered balanced, so buyers have choices and time to negotiate, but well-priced homes still sold for 94.2–97.6% of list price.
How long does it take to sell a home in Southwest Florida?
In February 2025, the median single-family home spent 81 to 113 days on the market, depending on the area. North Fort Myers was quickest and Cape Coral took the longest.
Which Lee County area is most affordable for a single-family home?
Of the areas we cover, North Fort Myers had the lowest median sale price in February 2025 at $322,999, followed by Cape Coral at $399,950.
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Source: Florida Gulf Coast MLS (FGCMLS), single-family homes. Data deemed reliable but not guaranteed. Freshwater-canal homes are included in city totals but not in the Gulf-access or inland groups.