$5,094 Closing Credit*
$429,000
1,414 SqFt
2 Beds
•2 Full Baths
Keri Abed, Listing Office: Royal Shell Real Estate, Inc.
Is Fort Myers, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fort Myers was a Neutral Market.
Key Takeaway
Fort Myers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Myers, FL
How much do homes in Fort Myers, FL cost?
Median Sold Price
$373,994
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,407(+2.9%)
Key Takeaway
Homes in Fort Myers have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Fort Myers was $373,994 in November 2024, up 2.9% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $152.5K | -10.3% |
| 2 Bedrooms | $291.5K | $281.8K | -3.3% |
| 3 Bedrooms | $411.6K | $402.2K | -2.3% |
| 4 Bedrooms | $557.4K | $570K | +2.2% |
| 5+ Bedrooms | $640K | $632.5K | -1.2% |
Summary: Fort Myers housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Fort Myers | $363.5K | $373.9K | +2.9% |
| North Fort Myers | $324.9K | $330.3K | +1.6% |
| Lehigh Acres | $363.1K | $365K | 0.5% |
Housing Supply in Fort Myers, FL
How many homes are available in Fort Myers, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,211 | 3,797 | +18.2% |
Summary: The Fort Myers real estate market had 3,797 homes for sale in November 2024, a 18.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 89 | 107 | +20.2% |
| 2 Bedrooms | 1,216 | 1,493 | +22.8% |
| 3 Bedrooms | 1,348 | 1,546 | +14.7% |
| 4 Bedrooms | 415 | 503 | +21.2% |
| 5+ Bedrooms | 143 | 148 | +3.5% |
Summary: The Fort Myers housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 285 | 269 | -5.6% |
Asking Price vs. Sold Price
224 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Myers, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 269 homes were sold or pending in Fort Myers in November 2024, down by 5.6% month-over-month. Of the 269 sold homes, 83% were sold under asking, 12% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 79 Days | +54.9% |
Summary: Homes in Fort Myers had an average of 79 days on market in Nov 2024, up by 54.9% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
82 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fort Myers has remained consistent over time.
Summary: During November 2024, 269 homes were sold in Fort Myers; 32% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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