Is Estero, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Estero is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Estero was a Seller's Market.

Key Takeaway

Estero 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 Estero, FL

How much do homes in Estero, FL cost?

Median Sold Price

$539,500

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,500(+5.8%)

Key Takeaway

Homes in Estero have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Estero was $539,500 in May 2024, up 5.8% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $295K$247K
-16.3%
2 $380K$420K
+10.5%
3 $575.5K$589.5K
+2.4%
4 $750K$683.7K
-8.8%
5+ $613.5K$788.1K
+28.5%

Summary: Estero housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 28.5%.

Median Sold Price Compared To Nearby Cities

Bonita Springs
+9.4%
Immokalee
+7.1%
Estero Island
+6.4%
Estero
+5.8%
Lehigh Acres
+3.1%

Housing Supply in Estero, FL

How many homes are available in Estero, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
544537-1.3%

Summary: The Estero real estate market had 537 homes for sale in May 2024, a 1.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 67
+16.7%
2 183176
-3.8%
3 251246
-2.0%
4 7872
-7.7%
5+ 2636
+38.5%

Summary: The Estero housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 38.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
9189-2.2%

Asking Price vs. Sold Price

66 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Estero, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in Estero in May 2024, down by 2.2% month-over-month. Of the 89 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% 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

May 2023May 2024CHANGE
29 Days53 Days+84.1%

Summary: Homes in Estero had an average of 53 days on market in May 2024, up by 84.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Estero are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 89 homes were sold in Estero; 40% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Estero, FL

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