Is Fort Myers Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Fort Myers Shores was a Neutral Market.
Key Takeaway
Fort Myers Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Myers Shores, FL
How much do homes in Fort Myers Shores, FL cost?
Median Sold Price
$385,333
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Fort Myers Shores have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Fort Myers Shores was $385,333 in November 2023, down 1.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $487.5K | $252.2K | -48.3% |
| 2 Bedrooms | $367.5K | $344.7K | -6.2% |
| 3 Bedrooms | $374.9K | $425K | +13.4% |
| 4 Bedrooms | $655K | $548.7K | -16.2% |
| 5+ Bedrooms | $905K | $727.5K | -19.6% |
Summary: Fort Myers Shores housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 48.3%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Southwest Glades | $255K | $315K | +23.5% |
| Lehigh Acres | $335.3K | $363.5K | +8.4% |
| North Fort Myers | $312.4K | $322.7K | +3.3% |
| Alva | $450K | $445K | -1.1% |
| Fort Myers Shores | $390K | $385.3K | -1.2% |
Housing Supply in Fort Myers Shores, FL
How many homes are available in Fort Myers Shores, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 176 | 187 | +6.3% |
Summary: The Fort Myers Shores real estate market had 187 homes for sale in November 2023, a 6.3% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 100 | 102 | +2.0% |
| 4 Bedrooms | 38 | 41 | +7.9% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Fort Myers Shores housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Myers Shores, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Fort Myers Shores in November 2023, up by 31.3% month-over-month. Of the 21 sold homes, 62% were sold under asking, 29% were sold at asking, and 10% were sold over asking.
Days on Market for Fort Myers Shores, FL
How long does it take to sell a home in Fort Myers Shores, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +24.1% |
Summary: Homes in Fort Myers Shores had an average of 30 days on market in Nov 2023, up by 24.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fort Myers Shores are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 21 homes were sold in Fort Myers Shores; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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