Is Fort Myers, 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 was a Seller's Market.
Housing Prices in Fort Myers, FL
How much do homes in Fort Myers, FL cost?
Median Sold Price
$370,217
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fort Myers was $370,217 in March 2024, up 1.6% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.5K | $170K | +6.6% |
2 Bedrooms | $306.7K | $293.9K | -4.2% |
3 Bedrooms | $415.8K | $408K | -1.9% |
4 Bedrooms | $515.7K | $579.3K | +12.3% |
5+ Bedrooms | $575K | $675K | +17.4% |
Summary: Fort Myers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
Lehigh Acres | $350K | $365K | +4.3% |
Fort Myers | $364.5K | $370.2K | +1.6% |
North Fort Myers | $330.2K | $329.7K | -0.2% |
Housing Supply in Fort Myers, FL
How many homes are available in Fort Myers, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,665 | 3,963 | +8.1% |
Summary: The Fort Myers real estate market had 3,963 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 92 | 101 | +9.8% |
2 Bedrooms | 1,409 | 1,544 | +9.6% |
3 Bedrooms | 1,579 | 1,684 | +6.6% |
4 Bedrooms | 448 | 489 | +9.2% |
5+ Bedrooms | 137 | 145 | +5.8% |
Summary: The Fort Myers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 5.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
412 | 469 | +13.8% |
Asking Price vs. Sold Price
382 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 469 homes were sold or pending in Fort Myers in March 2024, up by 13.8% month-over-month. Of the 469 sold homes, 81% were sold under asking, 14% were sold at asking, and 4% were sold over asking.
Days on Market for Fort Myers, FL
How long does it take to sell a home in Fort Myers, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 69 Days | +98.8% |
Summary: Homes in Fort Myers had an average of 69 days on market in Mar 2024, up by 98.8% compared to last year.
Breakdown of Home Sale Times
190 Homes Were Sold
Under 30 Days
139 Homes Were Sold
In 30 - 90 Days
140 Homes Were Sold
Over 90 Days
Summary: During March 2024, 469 homes were sold in Fort Myers; 41% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.