Is Fort Myers, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Myers is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Fort Myers was a Seller's Market.

Key Takeaway

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

Housing Prices in Fort Myers, FL

How much do homes in Fort Myers, FL cost?

Median Sold Price

$370,217

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,697(+1.6%)

Key Takeaway

Homes in Fort Myers have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Fort Myers was $370,217 in March 2024, up 1.6% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $159.5K$170K
+6.6%
2 $306.7K$293.9K
-4.2%
3 $415.8K$408K
-1.9%
4 $515.7K$579.3K
+12.3%
5+ $575K$675K
+17.4%

Summary: Fort Myers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Cities

Lehigh Acres
+4.3%
Fort Myers
+1.6%
North Fort Myers
-0.2%

Housing Supply in Fort Myers, FL

How many homes are available in Fort Myers, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3,6653,963+8.1%

Summary: The Fort Myers real estate market had 3,963 homes for sale in March 2024, a 8.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 92101
+9.8%
2 1,4091,544
+9.6%
3 1,5791,684
+6.6%
4 448489
+9.2%
5+ 137145
+5.8%

Summary: The Fort Myers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 5.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
412469+13.8%

Asking Price vs. Sold Price

382 Homes Were Sold
Under Asking

68 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Myers, you may be able to get a good deal. 81.4% of homes here sold below asking price last month.

Summary: A total of 469 homes were sold or pending in Fort Myers in March 2024, up by 13.8% month-over-month. Of the 469 sold homes, 81% were sold under asking, 14% were sold at asking, and 4% were sold over asking.

Days on Market for Fort Myers, FL

How long does it take to sell a home in Fort Myers, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days69 Days+98.8%

Summary: Homes in Fort Myers had an average of 69 days on market in Mar 2024, up by 98.8% compared to last year.

Breakdown of Home Sale Times

190 Homes Were Sold
Under 30 Days

139 Homes Were Sold
In 30 - 90 Days

140 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 469 homes were sold in Fort Myers; 41% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 21 Days Ago

Newest Listings in Fort Myers, FL

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