How's the Real Estate Market??

North Fort Myers, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



North Fort Myers, FL

Mon Jan 17 2022
This week the median list price for North Fort Myers, FL is $404,900 with the market action index hovering around 54. This is less than last month's market action index of 62. Inventory has decreased to 72. Click here to stay informed with the North Fort Myers market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

North Fort Myers, FL

Mon Jan 17 2022
This week the median list price for North Fort Myers, FL is $404,900 with the market action index hovering around 54. This is less than last month's market action index of 62. Inventory has decreased to 72. Click here to stay informed with the North Fort Myers market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the North Fort Myers market.
Median List Price $404,900
Median Price of New Listings $376,149
Per Square Foot $230
Average Days on Market 63
Median Days on Market 35
Price Decreased 35%
Price Increased 4%
Relisted 3%
Inventory 72
Median Rent $2,335
Market Action 54
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$979,950 2,711 0.5 - 1 acre 3 2.5 29 0 4 73
$492,692 1,925 0.25 - 0.5 acre 3 2 44 6 4 21
$322,450 1,535 0.25 - 0.5 acre 3 2 49 3 3 35
$162,200 1,025 8,000 - 10,000 sqft 2 2 50 5 0 21