Is Fort Myers, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Fort Myers was a Seller's Market.
Housing Prices in Fort Myers, FL
How much do homes in Fort Myers, FL cost?
Median Sold Price
$370,187
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Fort Myers was $370,187 in June 2024, up 2.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.5K | $160K | -0.3% |
2 Bedrooms | $292.9K | $290.3K | -0.9% |
3 Bedrooms | $409.2K | $405.7K | -0.9% |
4 Bedrooms | $550K | $583.7K | +6.1% |
5+ Bedrooms | $600K | $660K | +10.0% |
Summary: Fort Myers housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Fort Myers | $360.9K | $370.1K | +2.6% |
Lehigh Acres | $356.5K | $365.1K | +2.4% |
North Fort Myers | $330K | $326.6K | -1.0% |
Housing Supply in Fort Myers, FL
How many homes are available in Fort Myers, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3,609 | 3,527 | -2.3% |
Summary: The Fort Myers real estate market had 3,527 homes for sale in June 2024, a 2.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 100 | 96 | -4.0% |
2 Bedrooms | 1,373 | 1,353 | -1.5% |
3 Bedrooms | 1,515 | 1,458 | -3.8% |
4 Bedrooms | 481 | 470 | -2.3% |
5+ Bedrooms | 140 | 150 | +7.1% |
Summary: The Fort Myers housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
532 | 351 | -34.0% |
Asking Price vs. Sold Price
300 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 351 homes were sold or pending in Fort Myers in June 2024, down by 34.0% month-over-month. Of the 351 sold homes, 85% were sold under asking, 11% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
36 Days | 71 Days | +97.7% |
Summary: Homes in Fort Myers had an average of 71 days on market in Jun 2024, up by 97.7% compared to last year.
Breakdown of Home Sale Times
122 Homes Were Sold
Under 30 Days
130 Homes Were Sold
In 30 - 90 Days
99 Homes Were Sold
Over 90 Days
Summary: During June 2024, 351 homes were sold in Fort Myers; 35% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.