Is North 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, North Fort Myers was a Seller's Market.
Key Takeaway
North Fort Myers is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North Fort Myers, FL
How much do homes in North Fort Myers, FL cost?
Median Sold Price
$326,910
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Fort Myers have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in North Fort Myers was $326,910 in May 2024, down 3.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.9K | $116K | -25.1% |
| 2 Bedrooms | $254.1K | $275K | +8.2% |
| 3 Bedrooms | $395.9K | $369.9K | -6.6% |
| 4 Bedrooms | $447K | $390K | -12.8% |
| 5+ Bedrooms | $489.9K | $489K | -0.2% |
Summary: North Fort Myers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $377K | $450K | +19.4% |
| Fort Myers | $360.9K | $369.9K | +2.5% |
| North Fort Myers | $337.2K | $326.9K | -3.1% |
| Cape Coral | $409.6K | $396.9K | -3.1% |
Housing Supply in North Fort Myers, FL
How many homes are available in North Fort Myers, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 718 | 750 | +4.5% |
Summary: The North Fort Myers real estate market had 750 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 276 | 277 | 0.4% |
| 3 Bedrooms | 294 | 313 | +6.5% |
| 4 Bedrooms | 114 | 121 | +6.1% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The North Fort Myers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 108 | +33.3% |
Asking Price vs. Sold Price
85 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Fort Myers, you may be able to get a good deal. 78.7% of homes here sold below asking price last month.
Summary: A total of 108 homes were sold or pending in North Fort Myers in May 2024, up by 33.3% month-over-month. Of the 108 sold homes, 79% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for North Fort Myers, FL
How long does it take to sell a home in North Fort Myers, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 57 Days | +64.3% |
Summary: Homes in North Fort Myers had an average of 57 days on market in May 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Fort Myers has remained consistent over time.
Summary: During May 2024, 108 homes were sold in North Fort Myers; 36% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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