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 March 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
$329,731
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in North Fort Myers has remained the same since last year.
Summary: The median home sold price in North Fort Myers was $329,731 in March 2024, down 0.2% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $136.3K | -4.4% |
| 2 Bedrooms | $260.1K | $274.5K | +5.5% |
| 3 Bedrooms | $400K | $375K | -6.3% |
| 4 Bedrooms | $515K | $400K | -22.3% |
| 5+ Bedrooms | $670K | $489K | -27.0% |
Summary: North Fort Myers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes decreased by 27%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $413.1K | $435K | +5.3% |
| Fort Myers | $364.5K | $370.2K | +1.6% |
| North Fort Myers | $330.2K | $329.7K | -0.2% |
| Cape Coral | $414.4K | $399.1K | -3.7% |
Housing Supply in North Fort Myers, FL
How many homes are available in North Fort Myers, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 674 | 705 | +4.6% |
Summary: The North Fort Myers real estate market had 705 homes for sale in March 2024, a 4.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 267 | 279 | +4.5% |
| 3 Bedrooms | 280 | 293 | +4.6% |
| 4 Bedrooms | 100 | 103 | +3.0% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The North Fort Myers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 89 | +21.9% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 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. 80.9% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in North Fort Myers in March 2024, up by 21.9% month-over-month. Of the 89 sold homes, 81% were sold under asking, 15% were sold at asking, and 4% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 73 Days | +108.5% |
Summary: Homes in North Fort Myers had an average of 73 days on market in Mar 2024, up by 108.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Fort Myers are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 89 homes were sold in North Fort Myers; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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