33908 Real Estate - 33908 Homes For Sale | Zillow (2024)

FAQs

Are home prices dropping in Fort Myers FL? ›

Housing market overview for

The median home price in Fort Myers was $390,000 in June 2024, down 6.6% from last year.

Fort Myers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

For first-time homebuyers in Florida, understanding credit eligibility is crucial. While a low credit score can be a concern, Florida offers flexibility, allowing you to qualify for a mortgage with a credit score as low as 580, depending on the loan type and lender.

However, if the status of your home ad is still inactive or pending with the seller, Zillow will not be able to change or procure it from the original account. It is the most frequent occurrence of why are there no listings on Zillow showing to your new home buyer.

Florida home sale prices peak in late spring before dipping again in late summer and early fall. If you are looking for a deal on a house, your best bet might be to look for a home around November or December.

If house prices and mortgage rates continue to rise, buyer demand may wane and so too will median sale prices. Florida housing predictions 2024 note that for the coming months, prices may not decrease, but there is a chance for them to do so before the year closes out.

Tampa isn't just one of the hottest housing markets in Florida — it's one of the most desirable markets in the United States! Tampa has a booming job market and plenty of family-friendly activities, including Busch Gardens, the Florida Aquarium, and ZooTampa, making it an attractive place to live and visit on vacation.

The median listing home price in Fort Myers, FL was $389.9K in June 2024, trending down -4.9% year-over-year. The median listing home price per square foot was $246. The median home sold price was $355.2K.

Despite a US housing shortage, Florida and Texas have too much supply, Redfin found. The states accelerated construction to take advantage of pandemic-era demand. But many are now priced out, while Florida's rising insurance costs are pushing down demand.

In Florida, homebuyers need to rake in $114,771 a year to afford a median-priced home in 2024, according to BankRate. In 2020, Florida homebuyers needed to make $72,693 to afford a 'typical' home. Bankrate attributes the salary surge to a combination of high mortgage rates, rising home prices, and low inventory.

What credit score do I need to buy a house in Florida? ›

Most of them require a minimum credit score of 580. A VA loan usually requires at least a 620 credit score. An FHA loan will usually require a FICO score of 580, while a USDA loan, jumbo loans and conventional loans (Fannie Mae and Freddie Mac loans) are the highest with a minimum credit score of 640 or higher.

The minimum down payment for a conventional mortgage loan is 3%, but you will need to pay for private mortgage insurance (PMI) if you bring less than 20% down to closing. To qualify for a Conventional mortgage, you'll need a credit score of at least 620 points and a debt-to-income ratio of no more than 43%.

Time to move on - unless their financing falls through, the property is most likely sold. It could mean that the property was sold, or that the listing expired, or that it is under contract for sale. Zillow is NOTORIOUS for having expired listings and such.

Now available on the Zillow app, the "hide homes" tool makes the shopping experience faster, simpler and easier by allowing users to press a button on the home listing page that prevents the home from showing up in future search results. Users can also bring back a property if they change their mind.

Non-disclosure state — Your home is in a “non-disclosure” state (Idaho, Indiana, Kansas, Louisiana, Mississippi, Montana, New Mexico, Texas, Utah, and Wyoming) where transactions are not publicly reported and therefore, we do not have enough data to create a Zestimate.

It's difficult to predict whether home prices in Florida will go down. Various factors come into play and the outcome remains uncertain. However, based on the current market momentum, it appears that the price growth may slow down, with potential decreases in some areas.

Fort Myers offers endless opportunities which makes it an attractive area to potential investors and residents. The healthy Household Income in Fort Myers is high enough to support increasing rental rates.

Following a hurricane, affected areas often experience a decrease in property values.