Is Cape Canaveral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$355,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cape Canaveral was $355,000 in March 2024, up 6% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179K | $185K | +3.4% |
2 Bedrooms | $320K | $325K | +1.6% |
3 Bedrooms | $460K | $500K | +8.7% |
4 Bedrooms | $457K | $739.5K | +61.8% |
5+ Bedrooms | $620K | $950K | +53.2% |
Summary: Cape Canaveral housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 61.8%, and 5+ bedroom homes increased by 53.2%.
Median Sold Price Compared To Nearby Cities
Cape Canaveral | $334.8K | $355K | +6.0% |
Cocoa Beach-Cape Canaveral | $398.3K | $405K | +1.7% |
Cocoa Beach | $502.9K | $488.1K | -3.0% |
Housing Supply in Cape Canaveral, FL
How many homes are available in Cape Canaveral, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 197 | +12.6% |
Summary: The Cape Canaveral real estate market had 197 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 22 | -8.3% |
2 Bedrooms | 82 | 98 | +19.5% |
3 Bedrooms | 56 | 63 | +12.5% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cape Canaveral housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Cape Canaveral in March 2024, up by 16.7% month-over-month. Of the 28 sold homes, 96% were sold under asking, 4% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 76 Days | +42.1% |
Summary: Homes in Cape Canaveral had an average of 76 days on market in Mar 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Cape Canaveral; 32% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.