Is Fort Myers, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fort Myers was a Seller's Market.
Housing Prices in Fort Myers, FL
How much do homes in Fort Myers, FL cost?
Median Sold Price
$370,392
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fort Myers was $370,392 in April 2024, up 1.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161K | $166.4K | +3.4% |
2 Bedrooms | $303.2K | $293.1K | -3.3% |
3 Bedrooms | $418.2K | $409.3K | -2.1% |
4 Bedrooms | $525K | $576.6K | +9.8% |
5+ Bedrooms | $561.2K | $668.6K | +19.1% |
Summary: Fort Myers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
Lehigh Acres | $350.5K | $365.1K | +4.2% |
Fort Myers | $364.5K | $370.3K | +1.6% |
North Fort Myers | $330.9K | $328.5K | -0.7% |
Housing Supply in Fort Myers, FL
How many homes are available in Fort Myers, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,795 | 3,937 | +3.7% |
Summary: The Fort Myers real estate market had 3,937 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 98 | 109 | +11.2% |
2 Bedrooms | 1,490 | 1,586 | +6.4% |
3 Bedrooms | 1,590 | 1,609 | +1.2% |
4 Bedrooms | 477 | 493 | +3.4% |
5+ Bedrooms | 140 | 140 | 0.0% |
Summary: The Fort Myers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
498 | 506 | +1.6% |
Asking Price vs. Sold Price
432 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 506 homes were sold or pending in Fort Myers in April 2024, up by 1.6% month-over-month. Of the 506 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% were sold over asking.
Days on Market for Fort Myers, FL
How long does it take to sell a home in Fort Myers, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 67 Days | +108.6% |
Summary: Homes in Fort Myers had an average of 67 days on market in Apr 2024, up by 108.6% compared to last year.
Breakdown of Home Sale Times
184 Homes Were Sold
Under 30 Days
187 Homes Were Sold
In 30 - 90 Days
135 Homes Were Sold
Over 90 Days
Summary: During April 2024, 506 homes were sold in Fort Myers; 36% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.