Momentum Housing Data · Home Values · Lee County
Terrace (Fort Myers, FL): 78 recorded closings in the 12 months ending 2026-07-29, a 13-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 89.3% of original asking; the median sale took 84 days (window ending 2026-07-29).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $220,000 | $201 | 84 | 89.3% | 78 |
| 2025 | $240,000 | $222 | 50 | 91.7% | 47 |
| 2024 | $302,000 | $262 | 41 | 94.1% | 40 |
| 2023 | $292,500 | $256 | 16 | 97.3% | 83 |
| 2022 | $250,500 | $225 | 3 | 100.0% | 90 |
| 2021 | $166,000 | $149 | 27 | 96.5% | 109 |
| 2020 | $159,950 | $138 | 72 | 93.9% | 68 |
| 2019 | $156,000 | $136 | 55 | 93.6% | 56 |
| 2018 | $155,000 | $140 | 50 | 93.6% | 63 |
| 2017 | $163,750 | $140 | 38 | 95.6% | 62 |
| 2016 | $162,000 | $138 | 38 | 95.9% | 65 |
| 2015 | $144,500 | $123 | 39 | 96.6% | 65 |
| 2014 | $124,950 | $108 | 26 | 95.5% | 36 |
Over the recorded series, Terrace’s median sold price moved from $124,950 (2014) to $220,000 (12 months ending 2026-07-29) — +76% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2014 at $124,950. The 2020–22 run-up did what it did everywhere — Terrace’s median moved +61% from 2019 to 2022. Against the 2024 peak of $302,000, the current median stands at -27%. Annual sales volume here has ranged from 0 to 109 closings a year (10-yr average 69.6).
What actually trades here: 100% condominium, 0% single-family residence, with a median of 1,121 sq ft and a median price per square foot of $201 in the current window.
Of the 149 recorded Terrace closings since 2024, half landed between $199,500 and $287,500 (the middle two quartiles); the lowest recorded sale was $108,750 and the highest $450,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $175,000 | 19 (13%) | |
| $175,000 – $225,000 | 45 (30%) | |
| $225,000 – $275,000 | 33 (22%) | |
| $275,000 – $325,000 | 36 (24%) | |
| None and up | 16 (11%) |
The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Larger homes here have been selling at a higher price per square foot than smaller ones ($229 vs $200) — less common, and usually a sign of newer or upgraded product at the top of the range.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 747–1,069 sq ft | $200 | $205,000 | $108,750 – $275,000 | 49 |
| Mid-size homes 1,069–1,194 sq ft | $200 | $220,000 | $145,000 – $450,000 | 49 |
| Larger homes 1,194–1,442 sq ft | $229 | $285,000 | $154,000 – $415,000 | 51 |
From the live MLS feed as of 2026-09-02: 23 active listings (plus 7 pending) asking from $175,000 to $399,999, median $279,000; 10 of 23 have been on the market over 60 days (median 44 days so far); the homes listed or recently sold were built between 1983 and 2004 (median 1997); 19 of 30 listed or recently sold homes report an HOA, median $741/mo; 19 of 29 geocoded listed or recently sold homes sit inside a FEMA special flood hazard zone (A/V), which buyers’ lenders will price into insurance; median elevation 9 ft. For a seller this is the competition a buyer will tour alongside your home; for a buyer, the stale share is where negotiating room usually is. See the current Terrace listings →
At Terrace’s $220,000 median and Lee County’s adopted 15.97 mills (FY2025-26), a home assessed at that price carries roughly $3,510 a year in property tax before exemptions, or about $2,850 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Lee County tax page.
Momentum’s market-heat index for Terrace reads 11/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 58% of recorded Terrace sales in the window ending 2026-07 (35 of 60) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a Terrace home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping Terrace are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Waterford | $261,000 | $176 | 48 | 32 |
| Sail Harbour | $244,000 | $129 | 146 | 17 |
| Lexington Country Club | $617,500 | $325 | 29 | 20 |
| Wellington | $307,000 | $219 | 98 | 9 |
More Terrace: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.