Is Cocoa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cocoa has remained a Seller's Market.
Housing Prices in Cocoa, FL
How much do homes in Cocoa, FL cost?
Median Sold Price
$308,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cocoa was $308,000 in April 2024, down 2.3% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $77K | +1.3% |
2 Bedrooms | $175K | $205K | +17.1% |
3 Bedrooms | $299.9K | $300K | 0.0% |
4 Bedrooms | $356K | $368.1K | +3.4% |
5+ Bedrooms | $431.9K | $436K | +0.9% |
Summary: Cocoa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Merritt Island | $465K | $474.9K | +2.1% |
Rockledge | $366.8K | $369.6K | +0.8% |
Cocoa-Rockledge | $348.4K | $350K | 0.5% |
Cocoa | $315.2K | $308K | -2.3% |
Housing Supply in Cocoa, FL
How many homes are available in Cocoa, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
428 | 407 | -4.9% |
Summary: The Cocoa real estate market had 407 homes for sale in April 2024, a 4.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 15 | -16.7% |
2 Bedrooms | 43 | 51 | +18.6% |
3 Bedrooms | 254 | 226 | -11.0% |
4 Bedrooms | 91 | 93 | +2.2% |
5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Cocoa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 92 | -7.1% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Cocoa in April 2024, down by 7.1% month-over-month. Of the 92 sold homes, 64% were sold under asking, 26% were sold at asking, and 10% were sold over asking.
Days on Market for Cocoa, FL
How long does it take to sell a home in Cocoa, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 53 Days | +13.2% |
Summary: Homes in Cocoa had an average of 53 days on market in Apr 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 92 homes were sold in Cocoa; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.