The real estate market in Estero FL is strong and has been steadily increasing over the past few years. The median home price in Estero FL is currently $409,000, which is up 8.8% from last year. The average sale price of homes in Estero has also been increasing, currently sitting at $440,532,
which is up 6.6% from last year. There is an abundant supply of single–family homes in the area, with a total of 7,627 properties currently listed on the market. This is a slight decrease from last year, when there were 8,283 homes listed. The average days on the market for homes in Estero is currently 46,
which is 8 days shorter than the same time last year. Overall, the real estate market in Estero is strong and is likely to continue to increase. The average price per square foot for homes in Estero is $186. This is higher than the Cape Coral-Fort Myers Metro average of $154. The median rent price in Estero is $2,100,
which is higher than the Cape Coral-Fort Myers Metro median of $1,800. In the past year, the median sale price of a single-family home in Estero has increased by 7.9%. This trend is expected to continue in the coming years, with the median sale price predicted to reach $349,000 by 2023.
FAQs for Estero, FL Real Estate Market Report
1. What is the current median list price for homes in Estero, FL?
- The median list price for homes in Estero, FL, is $699,900 as of July 29, 2024.
2. What is the Market Action Index (MAI) for Estero, and what does it indicate?
- The MAI is 30, indicating a slight seller’s advantage in the market. This index compares the rate of sales to inventory levels. An MAI of 30 suggests a balanced market with a slight edge favoring sellers.
3. How has the MAI changed compared to last month?
- The MAI has decreased slightly from 31 last month to 30 this month.
4. How many homes are currently on the market in Estero?
- There are currently 243 homes listed for sale in Estero.
5. What are the average and median days on the market for homes in Estero?
- The average days on the market is 119, while the median days on the market is 84.
6. What is the median price of new listings in Estero?
- The median price of new listings is $647,450.
7. What is the price per square foot for homes in Estero?
- The price per square foot is $310.
8. How does the median rent price in Estero compare to the Cape Coral-Fort Myers Metro area?
- The median rent price in Estero is $4,000, which is higher than the Cape Coral-Fort Myers Metro median rent of $1,800.
9. What are the key segments of the Estero real estate market by price range?
- The market segments are:
- $1,091,012: 3,121 sq. ft., 0.25 – 0.5 acre lot, 4 beds, 3.5 baths, average 73 days on market.
- $799,000: 2,445 sq. ft., 0.25 – 0.5 acre lot, 4 beds, 3 baths, average 98 days on market.
- $629,500: 2,080 sq. ft., 6,500 – 8,000 sq. ft. lot, 3 beds, 2 baths, average 98 days on market.
- $514,130: 1,688 sq. ft., 4,500 – 6,500 sq. ft. lot, 3 beds, 2 baths, average 77 days on market.
10. How has the real estate market in Estero been performing over the past year?
- The median home price in Estero has increased by 8.8% from last year, with the average sale price up by 6.6%. The average price per square foot is $186, and the median rent is $2,100. The market shows a strong trend with a slight decrease in inventory compared to last year.
11. What is the average sale price and the average days on market for homes in Estero?
- The average sale price of homes in Estero is $440,532, and the average days on market is 46.
12. What is the expected future trend for home prices in Estero?
- Home prices in Estero are expected to continue increasing. The median sale price is predicted to reach $349,000 by 2023, reflecting a sustained growth trend.
13. How does the price per square foot in Estero compare to the Cape Coral-Fort Myers Metro area?
- The price per square foot in Estero is $186, which is higher than the Cape Coral-Fort Myers Metro average of $154.
14. Where can I get more information about the Estero real estate market?
- For more information, you can contact 239-370-1513 or visit the relevant real estate websites to stay informed about market changes.
