Is Cape Canaveral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cape Canaveral was a Seller's Market.
Housing Prices in Cape Canaveral, FL
How much do homes in Cape Canaveral, FL cost?
Median Sold Price
$345,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cape Canaveral was $345,000 in May 2024, down 2.5% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.5K | $188.5K | +6.8% |
2 Bedrooms | $325K | $325K | 0.0% |
3 Bedrooms | $470K | $473.7K | +0.8% |
4 Bedrooms | $429K | $825K | +92.3% |
5+ Bedrooms | $620K | $1.3M | +124.5% |
Summary: Cape Canaveral housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 92.3%, and 5+ bedroom homes increased by 124.5%.
Median Sold Price Compared To Nearby Cities
Cocoa Beach | $463.3K | $515K | +11.2% |
Cocoa Beach-Cape Canaveral | $394.9K | $415.6K | +5.2% |
Cape Canaveral | $353.8K | $345K | -2.5% |
Housing Supply in Cape Canaveral, FL
How many homes are available in Cape Canaveral, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
201 | 218 | +8.5% |
Summary: The Cape Canaveral real estate market had 218 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 30 | +25.0% |
2 Bedrooms | 107 | 102 | -4.7% |
3 Bedrooms | 60 | 74 | +23.3% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cape Canaveral housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Cape Canaveral in May 2024, up by 3.7% month-over-month. Of the 28 sold homes, 75% were sold under asking, 21% were sold at asking, and 4% were sold over asking.
Days on Market for Cape Canaveral, FL
How long does it take to sell a home in Cape Canaveral, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 89 Days | +271.8% |
Summary: Homes in Cape Canaveral had an average of 89 days on market in May 2024, up by 271.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Cape Canaveral; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.