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 February 2023
At the same time last year, Fort Myers Beach was a Neutral Market.
Housing Prices in Fort Myers Beach, FL
How much do homes in Fort Myers Beach, FL cost?
Median Sold Price
$706,000
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fort Myers Beach was $706,000 in February 2024, down 5.9% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $399.5K | -2.6% |
2 Bedrooms | $680K | $560.6K | -17.6% |
3 Bedrooms | $1.0M | $900K | -12.2% |
4 Bedrooms | $1.0M | $1.0M | -5.6% |
5+ Bedrooms | $2.1M | $1.8M | -14.3% |
Summary: Fort Myers Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Cities
Estero Island | $736.6K | $742K | +0.7% |
Fort Myers Beach | $750K | $706K | -5.9% |
Housing Supply in Fort Myers Beach, FL
How many homes are available in Fort Myers Beach, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
351 | 390 | +11.1% |
Summary: The Fort Myers Beach real estate market had 390 homes for sale in February 2024, a 11.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 25 | +25.0% |
2 Bedrooms | 150 | 170 | +13.3% |
3 Bedrooms | 130 | 140 | +7.7% |
4 Bedrooms | 29 | 35 | +20.7% |
5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Fort Myers Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Fort Myers Beach in February 2024, up by 50.0% month-over-month. Of the 24 sold homes, 96% were sold under asking, 4% were sold at asking, and 0% were sold over asking.
Days on Market for Fort Myers Beach, FL
How long does it take to sell a home in Fort Myers Beach, FL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 78 Days | +113.6% |
Summary: Homes in Fort Myers Beach had an average of 78 days on market in Feb 2024, up by 113.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 24 homes were sold in Fort Myers Beach; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.