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.
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
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
| # 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
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 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
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.
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