Is Cape Canaveral, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cape Canaveral is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Cape Canaveral was a Seller's Market.

Key Takeaway

Cape Canaveral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$8,833(-2.5%)

Key Takeaway

Homes in Cape Canaveral have sold for 2.5% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $176.5K$188.5K
+6.8%
2 $325K$325K
0.0%
3 $470K$473.7K
+0.8%
4 $429K$825K
+92.3%
5+ $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
+11.2%
Cocoa Beach-Cape Canaveral
+5.2%
Cape Canaveral
-2.5%

Housing Supply in Cape Canaveral, FL

How many homes are available in Cape Canaveral, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
201218+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

# BEDSApr 2024May 2024CHANGE
1 2430
+25.0%
2 107102
-4.7%
3 6074
+23.3%
4 89
+12.5%
5+ 23
+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 2024May 2024CHANGE
2728+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cape Canaveral, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023May 2024CHANGE
24 Days89 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cape Canaveral are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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