Is Estero, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Estero was a Seller's Market.
Key Takeaway
Estero is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Estero, FL
How much do homes in Estero, FL cost?
Median Sold Price
$539,500
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Estero have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Estero was $539,500 in May 2024, up 5.8% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $247K | -16.3% |
| 2 Bedrooms | $380K | $420K | +10.5% |
| 3 Bedrooms | $575.5K | $589.5K | +2.4% |
| 4 Bedrooms | $750K | $683.7K | -8.8% |
| 5+ Bedrooms | $613.5K | $788.1K | +28.5% |
Summary: Estero housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $581.5K | $636K | +9.4% |
| Immokalee | $525K | $562.2K | +7.1% |
| Estero Island | $700K | $745K | +6.4% |
| Estero | $510K | $539.5K | +5.8% |
| Lehigh Acres | $354.7K | $365.8K | +3.1% |
Housing Supply in Estero, FL
How many homes are available in Estero, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 544 | 537 | -1.3% |
Summary: The Estero real estate market had 537 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 183 | 176 | -3.8% |
| 3 Bedrooms | 251 | 246 | -2.0% |
| 4 Bedrooms | 78 | 72 | -7.7% |
| 5+ Bedrooms | 26 | 36 | +38.5% |
Summary: The Estero housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 89 | -2.2% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estero, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Estero in May 2024, down by 2.2% month-over-month. Of the 89 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% were sold over asking.
Days on Market for Estero, FL
How long does it take to sell a home in Estero, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 53 Days | +84.1% |
Summary: Homes in Estero had an average of 53 days on market in May 2024, up by 84.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Estero are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 89 homes were sold in Estero; 40% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.