Clewiston, FL Housing Market

Market Overview

Clewiston, FL is a weak real estate market by the available data, with a PropertyIQ Score of just 4 out of 100. The top score drivers all point to softness: home value momentum over 12 months is -0.94%, home value momentum over 3 months is -1.64%, median days on market is 98 days, and 17.4% of listings have a price cut. These figures indicate that home values are slipping while properties are taking longer to sell, which is consistent with a market that currently favors buyers or simply has limited demand.

Compared with state benchmarks, Clewiston’s housing market is notably different from Florida as a whole. The median home value in Clewiston is $274,157, while the state average is $378,167. At the same time, Clewiston’s rent index is $1,989, which is above the state average of $1,564. The unemployment rate matches the state at 4.7%, but the median household income of $48,979 is far below the state average of $71,711. That creates an unusual combination of lower home prices, higher rents, and lower local incomes.

There are 375 homes for sale, and with a median days on market of 98 days, inventory is moving slowly. The available data does not include population growth, so no population-based demand trend can be assessed. Still, the existing metrics—especially the negative price momentum and elevated share of price cuts—place Clewiston in a weak position relative to Florida benchmarks.

Key Trends

The first trend is softening home values. Clewiston’s 12-month home value momentum is -0.94%, meaning values are down slightly over the past year. The 3-month momentum is more negative at -1.64%, suggesting that the pace of decline has picked up recently. The reported year-over-year home value change of -$6 is essentially flat in dollar terms, but it sits alongside negative percentage momentum, reinforcing that home values are not growing.

The second trend is a slow-selling market. Median days on market is 98 days, meaning the typical listing takes more than three months to go under contract. In addition, 17.4% of listings have had a price cut. That means roughly one in six or seven listings has reduced its asking price, which signals lingering buyer resistance or overpricing relative to demand.

The third trend is an affordability paradox. The median home value of $274,157 is well below the Florida average of $378,167, which may look like an affordability advantage. However, the median household income is only $48,979, far below the state average of $71,711. At the same time, the rent index of $1,989 is above the state average of $1,564, meaning local rents are relatively high compared with the rest of Florida. Lower home prices are therefore offset by lower incomes and high rental costs.

The fourth trend is stable but uneven economic positioning. Clewiston’s unemployment rate is 4.7%, exactly matching the state average. That indicates a stable labor market, but the much lower median household income suggests that many local jobs may pay less than state-level wages. Population growth data is not available, so there is no evidence of a demographic demand tailwind.

Who Is This Market For

This market may suit long-term rental investors who prioritize cash flow over short-term appreciation. Clewiston’s rent index of $1,989 is higher than the state average of $1,564, while the median home value of $274,157 is lower than the state average of $378,167. That combination can support a better rent-to-price ratio than some Florida markets. However, the negative 3-month and 12-month home value momentum, 98-day median days on market, and 17.4% share of listings with price cuts mean investors should expect a longer selling period and limited near-term equity growth.

First-time buyers with stable employment might be drawn by Clewiston’s lower median home value compared with the state average. But the median household income of $48,979 is far below the state average of $71,711, which may make qualifying for a mortgage difficult. High rents may motivate some renters to buy, but weak price momentum means they should not expect quick appreciation.

Move-up buyers are likely not well matched to this market. Selling an existing home could take time given the 98-day median days on market, and values are not rising. Short-term flippers are also poorly aligned with the current data because 3-month momentum is -1.64% and price cuts are common. Population growth is unavailable, so it is hard to identify growing buyer demand.

Outlook

The near-term outlook for Clewiston remains soft based on the available data. Negative home value momentum of -0.94% over 12 months and -1.64% over 3 months, combined with a median days on market of 98 days and a 17.4% share of listings with price cuts, suggests that selling conditions may stay challenging. With 375 homes for sale and no population growth data to indicate rising demand, inventory may continue to take time to absorb. Rental demand could be supported by a rent index above the state average and an unemployment rate matching the state at 4.7%, but the lower median household income of $48,979 may limit rent growth. Overall, the data points toward continued buyer-favorable conditions and limited price momentum in Clewiston.