Is Estero Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Estero Island has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $402.5K | $390K | -3.1% |
2 Bedrooms | $680K | $587.5K | -13.6% |
3 Bedrooms | $1.0M | $900K | -11.5% |
4 Bedrooms | $1.2M | $1.0M | -16.3% |
5+ Bedrooms | $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 | $485.5K | $606K | +24.8% |
Estero | $440.6K | $529.9K | +20.3% |
Estero Island | $727.5K | $710K | -2.4% |
Fort Myers Beach | $749.9K | $700K | -6.7% |
Housing Supply in Estero Island, FL
How many homes are available in Estero Island, FL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
294 | 329 | +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
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 32 | +14.3% |
2 Bedrooms | 121 | 134 | +10.7% |
3 Bedrooms | 97 | 112 | +15.5% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 18 | 20 | +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 2023 | Nov 2023 | CHANGE |
---|---|---|
20 | 24 | +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
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 2022 | Nov 2023 | CHANGE |
---|---|---|
52 Days | 61 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
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.