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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Estero Island is a buyer's market

Buyer's
Market

Difference Since November 2022

Since last year, Estero Island has remained a Buyer's Market.

Key Takeaway

Estero Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Estero Island, FL

How much do homes in Estero Island, FL cost?

Median Sold Price

$710,000

$562/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$17,500(-2.4%)

Key Takeaway

Homes in Estero Island have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Estero Island was $710,000 in November 2023, down 2.4% from last year, and the median price per square foot was $562.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $402.5K$390K
-3.1%
2 $680K$587.5K
-13.6%
3 $1.0M$900K
-11.5%
4 $1.2M$1.0M
-16.3%
5+ $1.9M$1.8M
-5.2%

Summary: Estero Island housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Cities

Bonita Springs
+24.8%
Estero
+20.3%
Estero Island
-2.4%
Fort Myers Beach
-6.7%

Housing Supply in Estero Island, FL

How many homes are available in Estero Island, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
294329+11.9%

Summary: The Estero Island real estate market had 329 homes for sale in November 2023, a 11.9% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 2832
+14.3%
2 121134
+10.7%
3 97112
+15.5%
4 3031
+3.3%
5+ 1820
+11.1%

Summary: The Estero Island housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
2024+20.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

2 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 Island, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Estero Island in November 2023, up by 20.0% month-over-month. Of the 24 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Estero Island, FL

How long does it take to sell a home in Estero Island, FL?

Average Sale Time

Nov 2022Nov 2023CHANGE
52 Days61 Days+16.6%

Summary: Homes in Estero Island had an average of 61 days on market in Nov 2023, up by 16.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 24 homes were sold in Estero Island; 46% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 33% 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 7 Days Ago

Newest Listings in Estero Island, FL

Nearby Markets to Estero Island, FL

What housing markets are near Estero Island, FL?