How's the Real Estate Market??

Estero, FL

Single-Family Homes

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



Estero, FL

Thu Sep 16 2021
This week the median list price for Estero, FL is $593,997 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has increased to 42. Click here to stay informed with the Estero market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Estero, FL

Thu Sep 16 2021
This week the median list price for Estero, FL is $593,997 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has increased to 42. Click here to stay informed with the Estero market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Estero market.
Median List Price $593,997
Median Price of New Listings $495,898
Per Square Foot $270
Average Days on Market 68
Median Days on Market 18
Price Decreased 31%
Price Increased 2%
Relisted 2%
Inventory 42
Median Rent $5,000
Market Action 68
Strong Seller's Market

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
$1,245,000 4,067 0.5 - 1 acre 4 3 15 2 2 14
$692,450 2,493 0.25 - 0.5 acre 3 3 10 0 3 56
$549,900 2,031 8,000 - 10,000 sqft 3 2 12 6 3 7
$349,900 1,935 6,500 - 8,000 sqft 3 2 24 4 1 84