The real estate market in fort myers fl has seen an overall increase in median home prices over the past year. The median home value in Fort Myers is currently $269,000, up 3.3% from the same period last year. The median list price for a home in the area is currently $312,000, up 4.4% compared to the same period last year. The median price per square foot for homes in the area is currently $157, up 4.1% from the same period last year. The median rent price in Fort Myers is currently $1,600, up 3.8% from the same period last year. The median rent per square foot for apartments in Fort Myers is currently $1.21, up 1.1% from the same period last year.
The overall vacancy rate in Fort Myers is currently 5.2%, down 0.2% from the same period last year. The overall rental rate in the areais currently 8.6%, up 0.3% from the same period last year. The overall market trend in Southwest Florida is generally positive, with prices continuing to rise and vacancy rates trending downward. With continued population growth and a strong local economy, this trend is likely to continue in the near future. The city has also seen a surge in new construction, with more new homes, apartments, and condos coming onto the market. This has helped to keep prices competitive and has allowed for more rental options for those looking for them. As the city continues to attract new residents and businesses, the market is likely to remain strong in the near future.
Fort Myers, FL Market Report FAQs
1. What is the current median list price for homes in Fort Myers, FL?
- The median list price is currently $538,716.
2. What is the Market Action Index for Fort Myers, FL, and what does it indicate?
- The Market Action Index is 31, indicating a slight seller’s advantage. This index compares the rate of sales to the inventory available and shows that the market is relatively stable with a slight edge for sellers.
3. How has the inventory level changed recently?
- Inventory has decreased to 1,401 homes, which is lower compared to previous months.
4. What is the current median price per square foot for homes in Fort Myers?
- The median price per square foot is $271.
5. What are the average and median days on market for homes in Fort Myers?
- The average days on market is 129 days, while the median days on market is 98 days.
6. What percentage of homes have had price decreases or increases recently?
- 57% of homes have had a price decrease, 2% have had a price increase, and 9% have been relisted.
7. What is the current median rent price in Fort Myers?
- The median rent price is $2,600.
8. What are the current trends in the Fort Myers real estate market?
- The market is experiencing stable prices with a slight seller’s advantage. Inventory is low, which helps maintain higher prices. Overall, median home prices and rents have increased over the past year, and the vacancy rate has decreased.
9. How does the current market compare to the same period last year?
- Compared to the same period last year, median home values, list prices, and rent prices have all increased. Home values are up 3.3%, list prices are up 4.4%, and median rent prices are up 3.8%.
10. What are the key market segments in Fort Myers?
- Market segments include:
- $1,095,000: 2,957 sq. ft., 4 beds, 3 baths, approximately 0.25 – 0.5 acre lot
- $615,000: 2,199 sq. ft., 3 beds, 2.5 baths, 8,000 – 10,000 sq. ft. lot
- $460,000: 1,816 sq. ft., 3 beds, 2 baths, 8,000 – 10,000 sq. ft. lot
- $330,000: 1,394 sq. ft., 3 beds, 2 baths, 8,000 – 10,000 sq. ft. lot
11. What should potential buyers and sellers be aware of in the current market?
- Buyers should be aware that the market is competitive with relatively low inventory, which might make finding a home more challenging. Sellers have a slight advantage due to the low inventory and stable prices but should keep an eye on the Market Action Index for any significant changes.
12. How is the Fort Myers real estate market expected to trend in the near future?
- The market is expected to remain strong due to continued population growth, a robust local economy, and new construction projects. Prices are likely to remain stable or continue to rise, and rental options are expected to expand.
