$9,132 Closing Credit*
$769,000
1,357 SqFt
3 Beds
•3 Full Baths
Christina Mehta, Listing Office: John R. Wood Properties
Is Estero, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Estero was a Seller's Market.
Key Takeaway
Estero is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Estero, FL
How much do homes in Estero, FL cost?
Median Sold Price
$549,964
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,214(+4.2%)
Key Takeaway
Homes in Estero have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Estero was $549,964 in October 2024, up 4.2% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $303.9K | $230.5K | -24.2% |
| 2 Bedrooms | $395K | $414K | +4.8% |
| 3 Bedrooms | $580K | $590.6K | +1.8% |
| 4 Bedrooms | $690K | $725K | +5.1% |
| 5+ Bedrooms | $725K | $839.5K | +15.8% |
Summary: Estero housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $600.7K | $633K | +5.4% |
| Estero | $527.7K | $549.9K | +4.2% |
| Immokalee | $547.6K | $561K | +2.4% |
| Lehigh Acres | $360K | $365.3K | +1.5% |
| Estero Island | $716.8K | $685K | -4.4% |
Housing Supply in Estero, FL
How many homes are available in Estero, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 452 | 476 | +5.3% |
Summary: The Estero real estate market had 476 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 134 | 150 | +11.9% |
| 3 Bedrooms | 215 | 214 | -0.5% |
| 4 Bedrooms | 64 | 72 | +12.5% |
| 5+ Bedrooms | 33 | 36 | +9.1% |
Summary: The Estero housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 51 | -21.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estero, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Estero in October 2024, down by 21.5% month-over-month. Of the 51 sold homes, 82% were sold under asking, 10% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 78 Days | +46.6% |
Summary: Homes in Estero had an average of 78 days on market in Oct 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Estero are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 51 homes were sold in Estero; 31% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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