$14,900
0.34 Acres
Land
Tami Beard, Listing Office: ANDERSON DAVIS REAL ESTATE INC
Is Fort Myers Shores, 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, Fort Myers Shores was a Neutral Market.
Key Takeaway
Fort Myers Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Myers Shores, FL
How much do homes in Fort Myers Shores, FL cost?
Median Sold Price
$428,333
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,333(+11.3%)
Key Takeaway
Homes in Fort Myers Shores have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Fort Myers Shores was $428,333 in October 2024, up 11.3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.2K | $340K | +34.8% |
| 2 Bedrooms | $345K | $310K | -10.1% |
| 3 Bedrooms | $415K | $420K | +1.2% |
| 4 Bedrooms | $547.5K | $815K | +48.8% |
| 5+ Bedrooms | $1.0M | $730K | -32.1% |
Summary: Fort Myers Shores housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.8%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 48.8%, and 5+ bedroom homes decreased by 32.1%.
Median Sold Price Compared To Nearby Cities
| Southwest Glades | $312.8K | $359.9K | +15.0% |
| Fort Myers Shores | $385K | $428.3K | +11.3% |
| North Fort Myers | $323.7K | $330K | +1.9% |
| Lehigh Acres | $360K | $365.3K | +1.5% |
| Alva | $444.5K | $450K | +1.2% |
Housing Supply in Fort Myers Shores, FL
How many homes are available in Fort Myers Shores, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 194 | 215 | +10.8% |
Summary: The Fort Myers Shores real estate market had 215 homes for sale in October 2024, a 10.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 36 | 39 | +8.3% |
| 3 Bedrooms | 116 | 134 | +15.5% |
| 4 Bedrooms | 32 | 32 | 0.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Fort Myers Shores housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Myers Shores, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Fort Myers Shores in October 2024, the same as the previous month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.
Days on Market for Fort Myers Shores, FL
How long does it take to sell a home in Fort Myers Shores, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 86 Days | +67.2% |
Summary: Homes in Fort Myers Shores had an average of 86 days on market in Oct 2024, up by 67.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Myers Shores are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Fort Myers Shores; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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