Alabama Grove Terrace
Homes for Sale in Fort Myers, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Alabama Grove Terrace prices around a median of $243,950, with per-square-foot value near $174.29 — a number that keeps this Fort Myers pocket accessible relative to newer product in the county. The 10.9% year-over-year move is notable given a median days-on-market of 93.5; prices are climbing even though homes here are not moving fast, which tells us the gains are coming from a mix shift and gradual repricing rather than bidding-war urgency.
With homestead share at 38.6%, a meaningful portion of this inventory turns over as non-primary or investment holdings, which affects how quickly listings get refreshed and how much negotiating room exists on any given house. A market heat score of 38 confirms a slower-burn environment: sellers should price to the comps rather than to momentum, and buyers who are patient can still find room to negotiate on carrying costs or closing terms.
Alabama Grove Terrace right now
🟢 Still climbing. The trailing-12-month median ($244K) is up 10.9% from the prior 12 months ($220K). With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level fgc closed sales, 12-month windows ending July 29. Confidence: Low (10 and 3 sales in the two windows).
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Updated July 29, 2026 · Live data: fgc, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Alabama Grove Terrace market snapshot (as of July 29, 2026): the median sale price is about $244K ($174 per sq ft over the trailing 12 months of closed sales), and a median 94 days on market for closed sales. The trailing-12-month median is up 11% from the prior 12 months, computed from record-level fgc closed sales (10 closings in the current window).
Alabama Grove Terrace is a community of 587 homes in Fort Myers, Lee County, built between 1901 and 2024 (median 1972.0), with a median living area of about 1,796 square feet. 39% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Alabama Grove Terrace spans over a century of construction, from homes built in 1901 to properties finished as recently as 2024, with a median build year of 1972 — meaning most of the stock is established rather than new, and condition varies house to house more than lot to lot.
Who Alabama Grove Terrace is best for.
Best for
- Buyers comfortable evaluating homes of varying age and condition on a case-by-case basis
- Buyers prioritizing lower per-square-foot cost over new construction or amenity packages
- Investors or non-primary buyers who can work with a slower, 90-plus day sales cycle
Probably not for
- Buyers who want a recently built home with minimal deferred maintenance risk
- Buyers expecting a fast, competitive-offer sale timeline
- Buyers who want HOA-run community amenities included in the purchase
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 29 of each year, from record-level fgc closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($244K) IS the median in the snapshot above, and the move from 2025 ($220K) IS the +10.9% one-year change.
Windows contain 1 to 14 sales each (10 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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. Deemed reliable but not guaranteed.
4% of homes for sale in ZIP 33905 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-07-18).
The Alabama Grove Terrace buying strategy.
If we were buying in Alabama Grove Terrace today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Alabama Grove Terrace.
A wide build spread means due diligence does the heavy lifting
The year-built range here — 1901 to 2024 — is unusually broad for a single community, and the median of 1972 puts the typical home past the half-century mark. That spread means age-related systems (roof, electrical, plumbing) are not a given assumption but a line-item to verify on each address, and it's part of why per-square-foot pricing sits where it does rather than tracking newer-construction comps elsewhere in Lee County.
Median living area of 1795.5 square feet points to functional, mid-sized homes rather than compact starter units or oversized estates. Combined with a 93.5-day median market time, this reads as a community where homes sell on their individual merits — condition, updates, lot — more than on neighborhood-wide demand pressure. No community amenities are identified from current MLS listings, so value here is coming from the house and land itself, not from a shared amenity package.
The location and the amenities are priced into every listing in Alabama Grove Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Alabama Grove Terrace buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (6.1). Basis: Recent Direction +10.9% year-over-year; Owner Commitment 39% owner-occupied; Pricing Power 93.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this varied by build year and condition, pricing a home correctly means knowing which comps actually apply — a 1970s house and a 2020s build sitting on the same street can carry very different repair and valuation profiles. We walk buyers through what the sub-$175 per-square-foot figure is really buying, and we help sellers position listings so a 93-day median market time works for them rather than against them.
Alabama Grove Terrace in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Alabama Grove Terrace buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Alabama Grove Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Alabama Grove Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Alabama Grove Terrace home worth?
Get a no-obligation home value based on real comparable sales in Alabama Grove Terrace, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Alabama Grove Terrace?
How long do homes in Alabama Grove Terrace take to sell?
How many homes are in Alabama Grove Terrace?
What share of Alabama Grove Terrace is owner-occupied?
When were the homes in Alabama Grove Terrace built?
Do cash buyers compete in Alabama Grove Terrace?
Who is the best real estate agent for Alabama Grove Terrace?
How do I find a top Fort Myers real estate agent who knows Alabama Grove Terrace?
Can Momentum Realty connect me with an agent for Alabama Grove Terrace?
Should you buy in Alabama Grove Terrace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | fgc closed sales, 12-month windows ending July 29, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (14 streets, ZIP 33905/33936/33976)) |
| Under-contract shares | fgc records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2013 (90 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of fgc records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the fgc member average and 8 days faster, and we’ll price yours against live your area comps.
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