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 March 2023
At the same time last year, Fort Myers Beach was a Seller's Market.
Housing Prices in Fort Myers Beach, FL
How much do homes in Fort Myers Beach, FL cost?
Median Sold Price
$744,250
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fort Myers Beach was $744,250 in March 2024, up 3.8% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $415K | +5.1% |
2 Bedrooms | $648K | $560.6K | -13.5% |
3 Bedrooms | $960K | $925K | -3.6% |
4 Bedrooms | $995K | $1.0M | +1.8% |
5+ Bedrooms | $2.0M | $1.8M | -10.0% |
Summary: Fort Myers Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
Estero Island | $717K | $750K | +4.6% |
Fort Myers Beach | $717K | $744.2K | +3.8% |
Housing Supply in Fort Myers Beach, FL
How many homes are available in Fort Myers Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
378 | 407 | +7.7% |
Summary: The Fort Myers Beach real estate market had 407 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 27 | 0.0% |
2 Bedrooms | 159 | 178 | +11.9% |
3 Bedrooms | 138 | 143 | +3.6% |
4 Bedrooms | 32 | 32 | 0.0% |
5+ Bedrooms | 22 | 27 | +22.7% |
Summary: The Fort Myers Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Fort Myers Beach in March 2024, up by 11.5% month-over-month. Of the 29 sold homes, 79% were sold under asking, 17% were sold at asking, and 3% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 76 Days | +66.8% |
Summary: Homes in Fort Myers Beach had an average of 76 days on market in Mar 2024, up by 66.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Fort Myers Beach; 38% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.