Fort Myers home prices ease as the region's largest construction project rises

Home prices in Fort Myers have eased. Redfin's market data put the city's median sale price at about $348,000 for the three months ending in May 2026, down 2.4 percent from a year earlier, with price per square foot off 8.7 percent even as the number of homes changing hands rose. The cooling is modest, not a collapse. Behind the softer market, the largest building project the region has seen is under way: Lee Health, the county's biggest employer with roughly 17,000 workers, is constructing Lee Health Fort Myers, an $824 million hospital campus on 53 acres that the system says will be the largest healthcare construction project in Southwest Florida history when it opens in 2028, as WINK News and WGCU have both reported. A slower housing market and a generational investment in local jobs are landing in the same city at the same time. For anyone shopping here, that combination is the story: prices that have given back a little ground now, against a project that will pull jobs and demand toward east Fort Myers for the rest of the decade.