Is Fort Myers Beach, 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 Beach was a Seller's Market.
Key Takeaway
Fort Myers Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Myers Beach, FL
How much do homes in Fort Myers Beach, FL cost?
Median Sold Price
$725,000
$558/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fort Myers Beach have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Fort Myers Beach was $725,000 in May 2024, up 5.6% from last year, and the median price per square foot was $558.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $417K | +5.6% |
| 2 Bedrooms | $600K | $547.5K | -8.8% |
| 3 Bedrooms | $825K | $950K | +15.2% |
| 4 Bedrooms | $910K | $1.1M | +31.6% |
| 5+ Bedrooms | $2.0M | $1.5M | -25.9% |
Summary: Fort Myers Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 25.9%.
Median Sold Price Compared To Nearby Cities
| Estero Island | $700K | $745K | +6.4% |
| Fort Myers Beach | $686.7K | $725K | +5.6% |
Housing Supply in Fort Myers Beach, FL
How many homes are available in Fort Myers Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 382 | 391 | +2.4% |
Summary: The Fort Myers Beach real estate market had 391 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 28 | +3.7% |
| 2 Bedrooms | 174 | 177 | +1.7% |
| 3 Bedrooms | 119 | 120 | +0.8% |
| 4 Bedrooms | 35 | 40 | +14.3% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The Fort Myers Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Myers Beach, you may be able to get a good deal. 94.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Fort Myers Beach in May 2024, up by 20.0% month-over-month. Of the 36 sold homes, 94% were sold under asking, 3% were sold at asking, and 3% were sold over asking.
Days on Market for Fort Myers Beach, FL
How long does it take to sell a home in Fort Myers Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 121 Days | +165.6% |
Summary: Homes in Fort Myers Beach had an average of 121 days on market in May 2024, up by 165.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fort Myers Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 36 homes were sold in Fort Myers Beach; 17% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.
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