Is North Fort Myers, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$326,661
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in North Fort Myers have sold for 1% less than they did a year ago.
Summary: The median home sold price in North Fort Myers was $326,661 in June 2024, down 1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.9K | $116K | -25.1% |
| 2 Bedrooms | $260K | $275K | +5.8% |
| 3 Bedrooms | $389.6K | $366.4K | -6.0% |
| 4 Bedrooms | $446K | $392K | -12.1% |
| 5+ Bedrooms | $475K | $489K | +2.9% |
Summary: North Fort Myers housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $380K | $450K | +18.4% |
| Fort Myers | $360.9K | $370.1K | +2.6% |
| North Fort Myers | $330K | $326.6K | -1.0% |
| Cape Coral | $404.1K | $395.4K | -2.2% |
Housing Supply in North Fort Myers, FL
How many homes are available in North Fort Myers, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 733 | 701 | -4.4% |
Summary: The North Fort Myers real estate market had 701 homes for sale in June 2024, a 4.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 269 | 255 | -5.2% |
| 3 Bedrooms | 311 | 288 | -7.4% |
| 4 Bedrooms | 114 | 116 | +1.8% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The North Fort Myers housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 113 | 77 | -31.9% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Fort Myers, you may be able to get a good deal. 96.1% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in North Fort Myers in June 2024, down by 31.9% month-over-month. Of the 77 sold homes, 96% were sold under asking, 4% were sold at asking, and 0% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 45 Days | 76 Days | +67.4% |
Summary: Homes in North Fort Myers had an average of 76 days on market in Jun 2024, up by 67.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Fort Myers has remained consistent over time.
Summary: During June 2024, 77 homes were sold in North Fort Myers; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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