Is Fort Myers Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Fort Myers Beach was a Seller's Market.
Housing Prices
How much do homes in Fort Myers Beach, FL cost?
Median Sold Price
$680,000
$536/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Fort Myers Beach was $680,000 in August 2023, down 4% from last year, and the median price per square foot was $536.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $369.5K | -6.5% |
2 Bedrooms | $649K | $565K | -12.9% |
3 Bedrooms | $939K | $850K | -9.5% |
4 Bedrooms | $1.1M | $825K | -28.3% |
5+ Bedrooms | $1.8M | $1.8M | -3.2% |
Summary: Fort Myers Beach housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
Estero Island | $697.8K | $680K | -2.6% |
Fort Myers Beach | $708.3K | $680K | -4.0% |
Housing Supply
How many homes are available in Fort Myers Beach, FL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
192 | 194 | +1.0% |
Summary: The Fort Myers Beach real estate market had 194 homes for sale in August 2023, a 1.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 14 | +40.0% |
2 Bedrooms | 97 | 99 | +2.1% |
3 Bedrooms | 64 | 56 | -12.5% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Fort Myers Beach housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Fort Myers Beach in August 2023, up by 15.8% month-over-month. Of the 22 sold homes, 82% were sold under asking, 14% were sold at asking, and 5% were sold over asking.
Days on Market
How long does it take to sell a home in Fort Myers Beach, FL?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
27 Days | 67 Days | +145.7% |
Summary: Homes in Fort Myers Beach had an average of 67 days on market in Aug 2023, up by 145.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During August 2023, 22 homes were sold in Fort Myers Beach; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.