Is Estero, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Estero has remained a Buyer's Market.
Housing Prices in Estero, FL
How much do homes in Estero, FL cost?
Median Sold Price
$531,145
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Estero was $531,145 in February 2024, up 16.7% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279K | $298.7K | +7.1% |
2 Bedrooms | $341.5K | $414K | +21.2% |
3 Bedrooms | $550K | $576.6K | +4.8% |
4 Bedrooms | $695K | $705K | +1.4% |
5+ Bedrooms | $680.9K | $765K | +12.3% |
Summary: Estero housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Bonita Springs | $510K | $617.2K | +21.0% |
Estero | $455K | $531.1K | +16.7% |
Immokalee | $479.5K | $558.5K | +16.5% |
Lehigh Acres | $348K | $364.9K | +4.9% |
Estero Island | $736.6K | $742K | +0.7% |
Housing Supply in Estero, FL
How many homes are available in Estero, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
477 | 553 | +15.9% |
Summary: The Estero real estate market had 553 homes for sale in February 2024, a 15.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 158 | 172 | +8.9% |
3 Bedrooms | 227 | 270 | +18.9% |
4 Bedrooms | 58 | 72 | +24.1% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Estero housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
54 | 60 | +11.1% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Estero in February 2024, up by 11.1% month-over-month. Of the 60 sold homes, 77% were sold under asking, 20% were sold at asking, and 3% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 52 Days | +35.2% |
Summary: Homes in Estero had an average of 52 days on market in Feb 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During February 2024, 60 homes were sold in Estero; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.