Altos Market Data for Realtors
Estero, FL
Single-Family Homes
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Estero, FL
Fri Jul 26 2024
This week the median list price for Estero, FL is $699,900 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 247.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $699,900 | |
| Median Price of New Listings | $624,900 | |
| Per Square Foot | $303 | |
| Average Days on Market | 120 | |
| Median Days on Market | 91 | |
| Price Decreased | 56% | |
| Price Increased | 3% | |
| Relisted | 8% | |
| Inventory | 247 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,099,999 | 3,077 | 0.25 - 0.5 acre | 4 | 3.5 | 5 | 2 | 3 | 84 |
| $799,000 | 2,453 | 0.25 - 0.5 acre | 4 | 3 | 6 | 3 | 1 | 115 |
| $639,800 | 2,082 | 8,000 - 10,000 sqft | 3 | 2 | 10 | 3 | 4 | 105 |
| $494,000 | 1,672 | 4,500 - 6,500 sqft | 2 | 2 | 20 | 3 | 5 | 73 |