Is Estero Island, 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 Island was a Seller's Market.
Key Takeaway
Estero Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Estero Island, FL
How much do homes in Estero Island, FL cost?
Median Sold Price
$745,000
$585/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Estero Island have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Estero Island was $745,000 in May 2024, up 6.4% from last year, and the median price per square foot was $585.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $417K | +4.5% |
| 2 Bedrooms | $632K | $575K | -9.0% |
| 3 Bedrooms | $830K | $950K | +14.5% |
| 4 Bedrooms | $995K | $1.4M | +48.6% |
| 5+ Bedrooms | $2.5M | $1.8M | -30.1% |
Summary: Estero Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes decreased by 30.1%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $581.5K | $636K | +9.4% |
| Estero Island | $700K | $745K | +6.4% |
| Estero | $510K | $539.5K | +5.8% |
| Fort Myers Beach | $686.7K | $725K | +5.6% |
Housing Supply in Estero Island, FL
How many homes are available in Estero Island, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 428 | 432 | +0.9% |
Summary: The Estero Island real estate market had 432 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 46 | +7.0% |
| 2 Bedrooms | 198 | 194 | -2.0% |
| 3 Bedrooms | 118 | 118 | 0.0% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Estero Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estero Island, you may be able to get a good deal. 89.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Estero Island in May 2024, the same as the previous month. Of the 37 sold homes, 89% were sold under asking, 5% were sold at asking, and 5% were sold over asking.
Days on Market for Estero Island, FL
How long does it take to sell a home in Estero Island, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 118 Days | +163.0% |
Summary: Homes in Estero Island had an average of 118 days on market in May 2024, up by 163% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Estero Island are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 37 homes were sold in Estero Island; 19% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
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