Is Fort Myers Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Myers Beach is a buyer'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

-$28,333(-4.0%)

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

# BEDSAug 2022Aug 2023CHANGE
1 $395K$369.5K
-6.5%
2 $649K$565K
-12.9%
3 $939K$850K
-9.5%
4 $1.1M$825K
-28.3%
5+ $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
-2.6%
Fort Myers Beach
-4.0%

Housing Supply

How many homes are available in Fort Myers Beach, FL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
192194+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

# BEDSJul 2023Aug 2023CHANGE
1 1014
+40.0%
2 9799
+2.1%
3 6456
-12.5%
4 1115
+36.4%
5+ 1010
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 2023Aug 2023CHANGE
1922+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

Asking vs Sold - buyer

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 2022Aug 2023CHANGE
27 Days67 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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Nearby Markets

What housing markets are near Fort Myers Beach, FL?