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 May 2023
At the same time last year, Fort Myers Shores was a Seller's Market.
Key Takeaway
Fort Myers Shores 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 Fort Myers Shores, FL
How much do homes in Fort Myers Shores, FL cost?
Median Sold Price
$450,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fort Myers Shores have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Fort Myers Shores was $450,000 in May 2024, up 19.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.2K | - | N/A |
| 2 Bedrooms | $362.5K | $320K | -11.7% |
| 3 Bedrooms | $375K | $467.5K | +24.7% |
| 4 Bedrooms | $630K | $689.9K | +9.5% |
| 5+ Bedrooms | $905K | $1.0M | +17.7% |
Summary: Fort Myers Shores housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $377K | $450K | +19.4% |
| Southwest Glades | $310K | $326.3K | +5.3% |
| Lehigh Acres | $354.7K | $365.8K | +3.1% |
| Alva | $440K | $443.6K | +0.8% |
| North Fort Myers | $337.2K | $326.9K | -3.1% |
Housing Supply in Fort Myers Shores, FL
How many homes are available in Fort Myers Shores, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 231 | 237 | +2.6% |
Summary: The Fort Myers Shores real estate market had 237 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 43 | 44 | +2.3% |
| 3 Bedrooms | 135 | 139 | +3.0% |
| 4 Bedrooms | 42 | 42 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Fort Myers Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 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. 80.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Fort Myers Shores in May 2024, up by 20.0% month-over-month. Of the 36 sold homes, 81% were sold under asking, 14% were sold at asking, and 6% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 85 Days | +146.4% |
Summary: Homes in Fort Myers Shores had an average of 85 days on market in May 2024, up by 146.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Myers Shores are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Fort Myers Shores; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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