Is Cocoa-Rockledge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cocoa-Rockledge has remained a Seller's Market.
Key Takeaway
Cocoa-Rockledge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cocoa-Rockledge, FL
How much do homes in Cocoa-Rockledge, FL cost?
Median Sold Price
$349,627
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Cocoa-Rockledge has remained the same since last year.
Summary: The median home sold price in Cocoa-Rockledge was $349,627 in May 2024, up 0.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.2K | $137.5K | -24.1% |
| 2 Bedrooms | $240K | $240K | 0.0% |
| 3 Bedrooms | $334K | $339.9K | +1.8% |
| 4 Bedrooms | $404.6K | $396K | -2.1% |
| 5+ Bedrooms | $542.5K | $473.7K | -12.7% |
Summary: Cocoa-Rockledge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Rockledge | $364.9K | $371K | +1.7% |
| Merritt Island | $466.3K | $468.3K | 0.4% |
| East Orange | $523.8K | $525.7K | 0.4% |
| Cocoa-Rockledge | $348.9K | $349.6K | 0.2% |
| Cocoa | $314.7K | $307.2K | -2.4% |
Housing Supply in Cocoa-Rockledge, FL
How many homes are available in Cocoa-Rockledge, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 920 | 962 | +4.6% |
Summary: The Cocoa-Rockledge real estate market had 962 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 16 | -23.8% |
| 2 Bedrooms | 131 | 138 | +5.3% |
| 3 Bedrooms | 448 | 473 | +5.6% |
| 4 Bedrooms | 258 | 277 | +7.4% |
| 5+ Bedrooms | 62 | 58 | -6.5% |
Summary: The Cocoa-Rockledge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 203 | 208 | +2.5% |
Asking Price vs. Sold Price
125 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa-Rockledge, you may be able to get a good deal. 60.1% of homes here sold below asking price last month.
Summary: A total of 208 homes were sold or pending in Cocoa-Rockledge in May 2024, up by 2.5% month-over-month. Of the 208 sold homes, 60% were sold under asking, 28% were sold at asking, and 12% were sold over asking.
Days on Market for Cocoa-Rockledge, FL
How long does it take to sell a home in Cocoa-Rockledge, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 77 Days | +92.5% |
Summary: Homes in Cocoa-Rockledge had an average of 77 days on market in May 2024, up by 92.5% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cocoa-Rockledge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 208 homes were sold in Cocoa-Rockledge; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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