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.
Key Takeaway
Fort Myers Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Fort Myers Beach have sold for 4% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Fort Myers Beach, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Fort Myers Beach are selling fast, if you're buying plan to act quickly.
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2023 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.