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 seller's market

Buyer's
Market

Difference Since June 2021

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

Key Takeaway

Estero Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Estero Island, FL cost?

Median Sold Price

$667,600

$588/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$138,766(+26.2%)

Key Takeaway

Homes in Estero Island have sold for 26.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $299.5K$384.5K
+28.4%
2 $485K$621.5K
+28.1%
3 $630K$875K
+38.9%
4 $725K$1.2M
+66.9%
5+ $1.0M$1.7M
+76.6%

Median Sold Price Compared To Nearby Cities

Bonita Springs
+46.2%
Estero
+28.6%
Estero Island
+26.2%
Fort Myers Beach
+26.1%

How many homes are available in Estero Island, FL?

Number of Homes For Sale

May 2022Jun 2022%
178162-9.0%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 2523
-8.0%
2 8076
-5.0%
3 4943
-12.2%
4 1512
-20.0%
5+ 98
-11.1%

Number of Homes Sold

May 2022Jun 2022%
4230-28.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 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. 43.3% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
40 Days21 Days-47.5%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Estero Island, FL

Homes for sale in Estero Island, FL have reached 162. Between May 2022 and June 2022, Estero Island, FL real estate market has seen decrease in the number of listings by 9%. Listings spent 21 days on the market in June 2022, and had a median list price of $667,600 during the same period. Listing prices have changed in this real estate market between May 2022 and June 2022: prices of 1 bedroom properties went up by 28.4%, prices of 2 bedrooms properties increased by 28.1%, 3 bedrooms properties became 38.9% more expensive, 4 bedrooms properties prices increased by 66.9%, 5 bedrooms properties prices increased by 76.6%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 8%, the quantity of 2 bedrooms homes went down by 5%, 3 bedrooms homes became 12.2% less available, 4 bedrooms homes inventory decreased by 20%, number of 5 bedrooms homes decreased by 11.1%. Over 12 listings were sold over their listed price in June 2022 in Estero Island, FL. In the same period over 13 listings were sold below the listed price and 5 listings were sold for the listed price.

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