Is Fort Myers Shores, 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, Fort Myers Shores was a Seller's Market.
Key Takeaway
Fort Myers Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Myers Shores, FL
How much do homes in Fort Myers Shores, FL cost?
Median Sold Price
$435,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fort Myers Shores have sold for 5% more than they did a year ago.
Summary: The median home sold price in Fort Myers Shores was $435,000 in April 2024, up 5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362K | - | N/A |
| 2 Bedrooms | $369.5K | $320K | -13.4% |
| 3 Bedrooms | $387.5K | $477.5K | +23.2% |
| 4 Bedrooms | $630K | $689.9K | +9.5% |
| 5+ Bedrooms | $905K | $1.4M | +54.7% |
Summary: Fort Myers Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 54.7%.
Median Sold Price Compared To Nearby Cities
| Southwest Glades | $282K | $323.1K | +14.6% |
| Fort Myers Shores | $414.3K | $435K | +5.0% |
| Lehigh Acres | $350.5K | $365.1K | +4.2% |
| Alva | $445K | $450K | +1.1% |
| North Fort Myers | $330.9K | $328.5K | -0.7% |
Housing Supply in Fort Myers Shores, FL
How many homes are available in Fort Myers Shores, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 243 | 238 | -2.1% |
Summary: The Fort Myers Shores real estate market had 238 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 49 | 47 | -4.1% |
| 3 Bedrooms | 142 | 140 | -1.4% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Fort Myers Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Myers Shores, you may be able to get a good deal. 76.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Fort Myers Shores in April 2024, up by 7.1% month-over-month. Of the 30 sold homes, 77% were sold under asking, 10% were sold at asking, and 13% were sold over asking.
Days on Market for Fort Myers Shores, FL
How long does it take to sell a home in Fort Myers Shores, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 78 Days | +196.2% |
Summary: Homes in Fort Myers Shores had an average of 78 days on market in Apr 2024, up by 196.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fort Myers Shores are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 30 homes were sold in Fort Myers Shores; 30% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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