Is Estero, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Estero was a Seller's Market.
Key Takeaway
Estero is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Estero, FL
How much do homes in Estero, FL cost?
Median Sold Price
$541,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Estero have sold for 10% more than they did a year ago.
Summary: The median home sold price in Estero was $541,000 in April 2024, up 10% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $292.5K | -0.8% |
| 2 Bedrooms | $361.2K | $420K | +16.3% |
| 3 Bedrooms | $560K | $590K | +5.4% |
| 4 Bedrooms | $697K | $687.5K | -1.4% |
| 5+ Bedrooms | $646K | $780K | +20.7% |
Summary: Estero housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $566.8K | $625.3K | +10.3% |
| Estero | $491.6K | $541K | +10.0% |
| Immokalee | $517.4K | $560.5K | +8.3% |
| Estero Island | $701.6K | $747K | +6.5% |
| Lehigh Acres | $350.5K | $365.1K | +4.2% |
Housing Supply in Estero, FL
How many homes are available in Estero, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 566 | 554 | -2.1% |
Summary: The Estero real estate market had 554 homes for sale in April 2024, a 2.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 184 | 186 | +1.1% |
| 3 Bedrooms | 275 | 257 | -6.5% |
| 4 Bedrooms | 73 | 77 | +5.5% |
| 5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Estero housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 88 | -10.2% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estero, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Estero in April 2024, down by 10.2% month-over-month. Of the 88 sold homes, 77% were sold under asking, 18% were sold at asking, and 5% were sold over asking.
Days on Market for Estero, FL
How long does it take to sell a home in Estero, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 48 Days | +121.7% |
Summary: Homes in Estero had an average of 48 days on market in Apr 2024, up by 121.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Estero are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 88 homes were sold in Estero; 49% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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