Fort Myers, FL
Housing Market
Fort Myers’ housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Fort Myers' supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
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Buy or SellFort Myers Housing Market Overview
The housing market in Fort Myers features a mix of waterfront homes, single-family residences, and condos, with options across various budgets and lifestyles. The Fort Myers real estate market has seen a slight dip in recent months. The median home price has decreased by 1.3% YoY to $382,500. Properties now stay on the market for an average of 41 days, a decrease from 58 days this time last year. Over time, Fort Myers has seen consistent property value growth, with demand fueled by its coastal charm, strong rental yields, and increasing popularity among retirees.
On the other hand, home sales have slowed. Only 112 homes were sold this month, marking a 24.8% decrease year-over-year. This downturn suggests lower competition and reduced buyer activity. However, Fort Myers remains a significant part of Southwest Florida's economy. Known for its beautiful beaches, outdoor lifestyle, and retirement communities, Fort Myers continues to attract both domestic and international buyers. In order to capitalize on current conditions, sellers should price their homes realistically. Moreover, offering concessions could lead to a quicker sale.
On the other hand, home sales have slowed. Only 112 homes were sold this month, marking a 24.8% decrease year-over-year. This downturn suggests lower competition and reduced buyer activity. However, Fort Myers remains a significant part of Southwest Florida's economy. Known for its beautiful beaches, outdoor lifestyle, and retirement communities, Fort Myers continues to attract both domestic and international buyers. In order to capitalize on current conditions, sellers should price their homes realistically. Moreover, offering concessions could lead to a quicker sale.
Median Sale Price
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Fort Myers Housing Supply
Fort Myers is an attractive market for real estate investors due to its growing demand and its appeal as a coastal destination. The number of Fort Myers homes for sale has increased to 1,162, a 23% rise from last year. This includes 270 new listings entering the market. The Fort Myers housing supply currently stands at 10.5 months, up from 6.3 months the previous year. This indicates a more balanced market, with slower activity compared to last year.
Fort Myers’ housing supply levels follow seasonal trends. During the spring and summer months, the market typically sees a spike in home listings. Both buyers and sellers are active, hoping to close deals before the school year begins, or before the season changes. Fort Myers offers a charming blend of suburban comfort and natural beauty, which drives demand and migration to the city. Popular neighborhoods like Gulf Harbour, Palmetto Point, and Cape Coral provide diverse inventory options, ranging from waterfront properties to single-family homes. The city’s strong infrastructure, access to stunning beaches, and proximity to major highways further enhance its appeal.
Fort Myers’ housing supply levels follow seasonal trends. During the spring and summer months, the market typically sees a spike in home listings. Both buyers and sellers are active, hoping to close deals before the school year begins, or before the season changes. Fort Myers offers a charming blend of suburban comfort and natural beauty, which drives demand and migration to the city. Popular neighborhoods like Gulf Harbour, Palmetto Point, and Cape Coral provide diverse inventory options, ranging from waterfront properties to single-family homes. The city’s strong infrastructure, access to stunning beaches, and proximity to major highways further enhance its appeal.
# of Homes for Sale
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Fort Myers
Fort Myers Housing Demand
Fort Myers' real estate market has seen decreased competition recently. Only 3.6% of Fort Myers homes sold above their list price, a 5.2 percentage point drop from last year. On the other hand, 41.7% of homes saw price drops, a 0.7 percentage point rise YoY. Moreover, the sale-to-list price ratio fell to 94.5% in recent months. This means that sellers now get an average of 5.5% below their asking price for homes.
Under these circumstances, it’s strategic pricing and the sale-to-list price ratio that determines who holds the negotiation power. As a home seller, if you price your house accurately from the start, you can avoid the need for price reductions. You could also offer concessions to buyers rather than drop your asking price at the outset. If the sale-to-list price ratio is less than 100%, expect buyers to offer a much lower price on your home. If you’re a buyer, focus on homes with extended listing periods. Also, consider homes with prior price reductions for more negotiation opportunities.
Under these circumstances, it’s strategic pricing and the sale-to-list price ratio that determines who holds the negotiation power. As a home seller, if you price your house accurately from the start, you can avoid the need for price reductions. You could also offer concessions to buyers rather than drop your asking price at the outset. If the sale-to-list price ratio is less than 100%, expect buyers to offer a much lower price on your home. If you’re a buyer, focus on homes with extended listing periods. Also, consider homes with prior price reductions for more negotiation opportunities.
Homes Sold Above List Price
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Strong
Buyer
Buyer
Balanced
Seller
Strong
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Fort Myers Housing Market: When to Buy or Sell?
Fort Myers' housing market has historically shifted between buyer-friendly and seller-friendly conditions. Like the broader Florida real estate market, the Fort Myers housing market can favor both buyers and sellers based on seasonal trends. When competition is low and inventory increases, buyers have more room for negotiation. On the other hand, sellers can benefit from higher prices and quicker sales during periods when demand outpaces supply.
Additionally, if the months of Fort Myers’ housing supply rise above the US real estate market’s balanced conditions (5 to 6 months), buyers are likely to have more time to explore their options. Awareness of these market dynamics can help you time your purchase or sale more strategically.
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Frequently Asked Questions
How have Fort Myers house prices changed over the past year?
Over the past year, median home prices in Fort Myers, Florida have experienced a slight decline. The average home value now is $382,500, a 1.3% decrease from the previous year. The market has cooled, and sellers may need to adjust their pricing strategies to attract buyers. You can use our free home value estimator to assess your property's current market value and compare it with other homes in Fort Myers, FL.
What are Fort Myers real estate market predictions for 2025?
Home prices in Fort Myers are expected to remain stable with modest changes in 2025. The market may see some price fluctuations due to supply and demand trends across the Florida housing market. However, affordability challenges may persist, given rising mortgage rates and price appreciation.
What’s the average home price in Fort Myers?
The average house price in Fort Myers varies based on home type, size, and neighborhood. Single-family homes typically average $418,283, while condos cost around $282,500, depending on location and amenities. There are also cheap homes for sale in Ft Myers, Florida that can fit your budget.
Is this a good time to buy a home in Fort Myers, FL?
To determine if now is a good time to buy, you should monitor current market trends in Fort Myers. As long as the market has slow price growth and low competition, buyers may find opportunities for negotiation. If mortgage rates stabilize and inventory continues to rise, it will be an excellent time to buy a house in Fort Myers.
How is the housing market right now in Fort Myers?
The housing market in Fort Myers is more or less stable. Demand has slowed, and competition is low. With fewer buyers, properties tend to stay on the market for longer than average.
When will the Fort Myers housing market crash?
According to housing market forecasts, the Fort Myers market is unlikely to crash. While there may be some fluctuations, steady growth is expected through 2025. However, affordability remains a concern, and price corrections may occur in some areas.
How to buy a home in Fort Myers?
You should start by setting a clear budget and getting mortgage pre-approval. Then, browse Ft Myers homes for sale, make an offer, secure your loan, and complete the closing process.
How can I list my home for sale in Fort Myers, FL?
You can list your home for sale with a Florida Flat Fee MLS listing service. Companies like Houzeo automatically handle MLS paperwork based on your location, saving you thousands of dollars on traditional agent commissions.
What is the average mortgage rate for buyers in Fort Myers?
The average mortgage rate for buyers in Fort Myers fluctuates between 6.8% and 7%. The rate depends on the market and your credit score. Always check the latest rates with your lender before you apply for a mortgage.
What is the cost of living in Fort Myers, Florida?
Fort Myers’ cost of living is 5% higher than the national average, making it an affordable option compared to other Florida cities. Housing is also more affordable, with a typical condo costing around $282,500. Essentials like food, clothing, and healthcare in the city are also relatively affordable.
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