Is Estero, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Estero was a Seller's Market.
Housing Prices in Estero, FL
How much do homes in Estero, FL cost?
Median Sold Price
$537,381
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Estero was $537,381 in March 2024, up 13.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $296.2K | +5.8% |
2 Bedrooms | $349K | $415K | +18.9% |
3 Bedrooms | $549K | $586.6K | +6.9% |
4 Bedrooms | $695K | $685K | -1.4% |
5+ Bedrooms | $680K | $757K | +11.3% |
Summary: Estero housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Bonita Springs | $541.2K | $617.6K | +14.1% |
Estero | $475K | $537.3K | +13.1% |
Immokalee | $494.9K | $560K | +13.1% |
Estero Island | $717K | $750K | +4.6% |
Lehigh Acres | $350K | $365K | +4.3% |
Housing Supply in Estero, FL
How many homes are available in Estero, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
540 | 570 | +5.6% |
Summary: The Estero real estate market had 570 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 172 | 185 | +7.6% |
3 Bedrooms | 265 | 281 | +6.0% |
4 Bedrooms | 72 | 70 | -2.8% |
5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Estero housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 93 | +43.1% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Estero in March 2024, up by 43.1% month-over-month. Of the 93 sold homes, 86% were sold under asking, 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 49 Days | +77.4% |
Summary: Homes in Estero had an average of 49 days on market in Mar 2024, up by 77.4% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 93 homes were sold in Estero; 49% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.