Is Cape Coral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cape Coral was a Seller's Market.
Housing Prices in Cape Coral, FL
How much do homes in Cape Coral, FL cost?
Median Sold Price
$398,884
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cape Coral was $398,884 in April 2024, down 2.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.4K | $172K | -17.1% |
2 Bedrooms | $290K | $273.2K | -5.8% |
3 Bedrooms | $410K | $395.7K | -3.5% |
4 Bedrooms | $459.9K | $420K | -8.7% |
5+ Bedrooms | $580K | $578.4K | -0.3% |
Summary: Cape Coral housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
Saint James City | $523.7K | $567.4K | +8.4% |
Fort Myers | $364.5K | $370.3K | +1.6% |
North Fort Myers | $330.9K | $328.5K | -0.7% |
Cape Coral | $410K | $398.8K | -2.7% |
Housing Supply in Cape Coral, FL
How many homes are available in Cape Coral, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,749 | 4,915 | +3.5% |
Summary: The Cape Coral real estate market had 4,915 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 13 | +44.4% |
2 Bedrooms | 496 | 504 | +1.6% |
3 Bedrooms | 2,771 | 2,865 | +3.4% |
4 Bedrooms | 1,340 | 1,400 | +4.5% |
5+ Bedrooms | 133 | 133 | 0.0% |
Summary: The Cape Coral housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
632 | 593 | -6.2% |
Asking Price vs. Sold Price
406 Homes Were Sold
Under Asking
130 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Summary: A total of 593 homes were sold or pending in Cape Coral in April 2024, down by 6.2% month-over-month. Of the 593 sold homes, 68% were sold under asking, 22% were sold at asking, and 10% were sold over asking.
Days on Market for Cape Coral, FL
How long does it take to sell a home in Cape Coral, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 71 Days | +39.3% |
Summary: Homes in Cape Coral had an average of 71 days on market in Apr 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
198 Homes Were Sold
Under 30 Days
211 Homes Were Sold
In 30 - 90 Days
184 Homes Were Sold
Over 90 Days
Summary: During April 2024, 593 homes were sold in Cape Coral; 33% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.