Is Fort Myers, 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, 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
$369,962
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fort Myers was $369,962 in May 2024, up 2.5% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.5K | $161K | 0.3% |
2 Bedrooms | $291.1K | $292.6K | 0.5% |
3 Bedrooms | $408K | $406.2K | -0.4% |
4 Bedrooms | $550K | $580K | +5.5% |
5+ Bedrooms | $597.5K | $663.5K | +11.0% |
Summary: Fort Myers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
Lehigh Acres | $354.7K | $365.8K | +3.1% |
Fort Myers | $360.9K | $369.9K | +2.5% |
North Fort Myers | $337.2K | $326.9K | -3.1% |
Housing Supply in Fort Myers, FL
How many homes are available in Fort Myers, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3,764 | 3,773 | 0.2% |
Summary: The Fort Myers real estate market had 3,773 homes for sale in May 2024, a 0.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 94 | 103 | +9.6% |
2 Bedrooms | 1,481 | 1,459 | -1.5% |
3 Bedrooms | 1,564 | 1,578 | +0.9% |
4 Bedrooms | 491 | 487 | -0.8% |
5+ Bedrooms | 134 | 146 | +9.0% |
Summary: The Fort Myers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
538 | 487 | -9.5% |
Asking Price vs. Sold Price
407 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 487 homes were sold or pending in Fort Myers in May 2024, down by 9.5% month-over-month. Of the 487 sold homes, 84% were sold under asking, 12% were sold at asking, and 4% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 65 Days | +73.8% |
Summary: Homes in Fort Myers had an average of 65 days on market in May 2024, up by 73.8% compared to last year.
Breakdown of Home Sale Times
185 Homes Were Sold
Under 30 Days
184 Homes Were Sold
In 30 - 90 Days
118 Homes Were Sold
Over 90 Days
Summary: During May 2024, 487 homes were sold in Fort Myers; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.