Fort Myers is a city in Lee County, Florida, United States. The city is named after Colonel Abraham C. Myers, a 19th-century soldier who fought in the Second Seminole War (1836–1842). The population was 64,995 at the 2010 census and as of 2018 the population estimate was 67,309 according to the census estimate.
The median home value is the middle number in a list of numbers. It’sIt’s not the average or mean value but rather the number below which half of all homes are worth less and half are worth more.
The median sale price for Fort Myers homes was $215,500 in April 2019. This is lower than what homeowners have been selling their houses for on average ($220,000) and what they’re currently listing their properties at ($230,000).
This generally means that homeowners in Fort Myers are selling their homes at an average price of $215,500—below what they’re asking for but not by much!
The Fort Myers Real Estate housing market in June 2020 was a seller’s market. There were 3,879 homes for sale in June 2020, down 9% from May 2020. However, the number of homes sold increased by 2% from last month to 1,746 units.
The median sale price decreased by 5% from May 2020 ($221,500), and the average listing price decreased by 4%.
The listing price of homes for sale in Fort Myers has gone up 4.9% from May to June. The average listing price is $279,000, which is nearly $60,000 more than the median household income in the area. That means you could potentially receive a large amount of money if you sell your home and move away (or buy something bigger). However, there are other factors to consider when deciding whether or not buying or selling a house is the best choice for you at this point:
- How much money would you get from selling your current house?
- Would it be worth living with someone else until they move out so that they could cover rent and utilities while waiting for their own place?
In the past month, 954 homes have been sold in Fort Myers. This is great for your real estate market because more houses are on the market, and sellers can get more money for their homes. So if you’re considering selling your home, now may be a good time to do so!
In 2018 we saw an average increase of 2% per month when comparing sales from one year to the next. That’s not much change at all! And since November 2017 was an especially low month (with only 696 closed transactions), we’ve seen some slight downward movement since then: an average decrease of 1% per month across all three years combined.
The median sale price in Fort Myers was $215,000. Half of the homes sold for more than $215K, and half sold for less. If there were an even number of sales, the median price would equal the average sale price.
If you’re you’re thinking about buying a home in Fort Myers, and here there’s some useful information about how real estate prices have been trending lately:
- The list price of homes in Fort Myers has increased by almost 5% from May to June (from $230K to $238K).
- The average list price is slightly over 1k more last month ($231K vs. $229K)
In May, the average listing price increased by 1%, but still down about 2% from April. This is a good sign that prices are stabilizing, which means it’s not likely they will go up much in the coming months. However, it’s important not to forget how far they fell over the winter and spring—the average home listed for sale in December was priced at $252,500; now, it’s $263,900. That’sThat’s still 5% less than January of 2019 ($274K).
If you’re thinking of buying or selling a home in Southwest Florida soon and want some insight into what’s happening with the housing market there right now (and what you can expect), check out our full report on real estate trends this month!
There are many more houses for sale, and they are selling at an average price of over $1000 less than last month.
- There are more houses for sale than last month, selling at an average price of over $1000 less than last month.
- The average house price sold in the past month is down from last month.
With inventory levels still high and prices dropping slightly, Fort Myers, FL Real Estate is a great place to buy a home right now. If you’re looking for a new place to live or invest in real estate, contact our team today! We can help you find the perfect property at the right price point with all of the important information you need.