Is Estero Island, 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 Island was a Neutral Market.
Key Takeaway
Estero Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Estero Island, FL
How much do homes in Estero Island, FL cost?
Median Sold Price
$747,000
$587/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Estero Island have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Estero Island was $747,000 in April 2024, up 6.5% from last year, and the median price per square foot was $587.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407.5K | $415K | +1.8% |
| 2 Bedrooms | $650K | $575K | -11.5% |
| 3 Bedrooms | $953.7K | $932.5K | -2.2% |
| 4 Bedrooms | $910K | $1.5M | +71.9% |
| 5+ Bedrooms | $2.1M | $1.8M | -13.7% |
Summary: Estero Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 71.9%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Bonita Springs | $566.8K | $625.3K | +10.3% |
| Estero | $491.6K | $541K | +10.0% |
| Estero Island | $701.6K | $747K | +6.5% |
| Fort Myers Beach | $700K | $725K | +3.6% |
Housing Supply in Estero Island, FL
How many homes are available in Estero Island, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 420 | 443 | +5.5% |
Summary: The Estero Island real estate market had 443 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 44 | +22.2% |
| 2 Bedrooms | 190 | 202 | +6.3% |
| 3 Bedrooms | 129 | 119 | -7.8% |
| 4 Bedrooms | 35 | 41 | +17.1% |
| 5+ Bedrooms | 30 | 37 | +23.3% |
Summary: The Estero Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estero Island, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Estero Island in April 2024, up by 20.0% month-over-month. Of the 36 sold homes, 92% were sold under asking, 3% were sold at asking, and 6% were sold over asking.
Days on Market for Estero Island, FL
How long does it take to sell a home in Estero Island, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 91 Days | +159.2% |
Summary: Homes in Estero Island had an average of 91 days on market in Apr 2024, up by 159.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Estero Island has remained consistent over time.
Summary: During April 2024, 36 homes were sold in Estero Island; 36% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.