Is Estero, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Estero was a Seller's Market.
Key Takeaway
Estero is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Estero, FL
How much do homes in Estero, FL cost?
Median Sold Price
$545,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Estero have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Estero was $545,000 in June 2024, up 4.9% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $250K | -15.3% |
| 2 Bedrooms | $381.5K | $420K | +10.1% |
| 3 Bedrooms | $585K | $589.6K | +0.8% |
| 4 Bedrooms | $749.8K | $700K | -6.6% |
| 5+ Bedrooms | $700K | $773.1K | +10.4% |
Summary: Estero housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $578.1K | $645.4K | +11.7% |
| Immokalee | $530K | $565.8K | +6.8% |
| Estero | $519.6K | $545K | +4.9% |
| Estero Island | $700K | $725K | +3.6% |
| Lehigh Acres | $356.5K | $365.1K | +2.4% |
Housing Supply in Estero, FL
How many homes are available in Estero, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 511 | 481 | -5.9% |
Summary: The Estero real estate market had 481 homes for sale in June 2024, a 5.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 168 | 150 | -10.7% |
| 3 Bedrooms | 229 | 216 | -5.7% |
| 4 Bedrooms | 72 | 66 | -8.3% |
| 5+ Bedrooms | 36 | 41 | +13.9% |
Summary: The Estero housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 13.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 93 | 57 | -38.7% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estero, you may be able to get a good deal. 93% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Estero in June 2024, down by 38.7% month-over-month. Of the 57 sold homes, 93% were sold under asking, 4% were sold at asking, and 4% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 37 Days | 78 Days | +108.8% |
Summary: Homes in Estero had an average of 78 days on market in Jun 2024, up by 108.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Estero are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 57 homes were sold in Estero; 26% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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