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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Fort Myers is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, North Fort Myers was a Seller's Market.

Key Takeaway

North Fort Myers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Fort Myers, FL

How much do homes in North Fort Myers, FL cost?

Median Sold Price

$328,597

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$2,339(-0.7%)

Key Takeaway

Homes in North Fort Myers have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in North Fort Myers was $328,597 in April 2024, down 0.7% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $149.9K$116K
-22.6%
2 $256.6K$275K
+7.1%
3 $400K$375K
-6.3%
4 $460K$410K
-10.9%
5+ $600K$500K
-16.7%

Summary: North Fort Myers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Cities

Fort Myers Shores
+5.0%
Fort Myers
+1.6%
North Fort Myers
-0.7%
Cape Coral
-2.7%

Housing Supply in North Fort Myers, FL

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
652686+5.2%

Summary: The North Fort Myers real estate market had 686 homes for sale in April 2024, a 5.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 912
+33.3%
2 258271
+5.0%
3 277284
+2.5%
4 89100
+12.4%
5+ 1919
0.0%

Summary: The North Fort Myers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
9472-23.4%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Fort Myers, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in North Fort Myers in April 2024, down by 23.4% month-over-month. Of the 72 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% were sold over asking.

Days on Market for North Fort Myers, FL

How long does it take to sell a home in North Fort Myers, FL?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days71 Days+106.9%

Summary: Homes in North Fort Myers had an average of 71 days on market in Apr 2024, up by 106.9% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Fort Myers are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 72 homes were sold in North Fort Myers; 42% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 31% 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 19 Days Ago

Newest Listings in North Fort Myers, FL

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