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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Estero is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Estero has remained a Buyer'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

$531,145

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$76,145(+16.7%)

Key Takeaway

Homes in Estero have sold for 16.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $279K$298.7K
+7.1%
2 $341.5K$414K
+21.2%
3 $550K$576.6K
+4.8%
4 $695K$705K
+1.4%
5+ $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
+21.0%
Estero
+16.7%
Immokalee
+16.5%
Lehigh Acres
+4.9%
Estero Island
+0.7%

Housing Supply in Estero, FL

How many homes are available in Estero, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
477553+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

# BEDSJan 2024Feb 2024CHANGE
1 1011
+10.0%
2 158172
+8.9%
3 227270
+18.9%
4 5872
+24.1%
5+ 2428
+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 2024Feb 2024CHANGE
5460+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Estero, you may be able to get a good deal. 76.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
39 Days52 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 18 Days Ago

Newest Listings in Estero, FL

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