Is Cape Coral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Cape Coral was a Neutral Market.
Key Takeaway
Cape Coral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cape Coral, FL
How much do homes in Cape Coral, FL cost?
Median Sold Price
$399,997
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Cape Coral have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Cape Coral was $399,997 in November 2023, down 2.5% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $180K | +2.3% |
| 2 Bedrooms | $279.9K | $286K | +2.2% |
| 3 Bedrooms | $409.8K | $399.6K | -2.5% |
| 4 Bedrooms | $474.8K | $434.1K | -8.6% |
| 5+ Bedrooms | $577.5K | $559.9K | -3.0% |
Summary: Cape Coral housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Fort Myers | $345K | $367.8K | +6.6% |
| North Fort Myers | $312.4K | $322.7K | +3.3% |
| Saint James City | $500K | $500K | 0.0% |
| Cape Coral | $410.4K | $399.9K | -2.5% |
Housing Supply in Cape Coral, FL
How many homes are available in Cape Coral, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3,533 | 3,808 | +7.8% |
Summary: The Cape Coral real estate market had 3,808 homes for sale in November 2023, a 7.8% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 381 | 438 | +15.0% |
| 3 Bedrooms | 2,014 | 2,184 | +8.4% |
| 4 Bedrooms | 1,044 | 1,089 | +4.3% |
| 5+ Bedrooms | 87 | 91 | +4.6% |
Summary: The Cape Coral housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 435 | 371 | -14.7% |
Asking Price vs. Sold Price
259 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cape Coral, you may be able to get a good deal. 69.8% of homes here sold below asking price last month.
Summary: A total of 371 homes were sold or pending in Cape Coral in November 2023, down by 14.7% month-over-month. Of the 371 sold homes, 70% were sold under asking, 23% were sold at asking, and 7% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 39 Days | 56 Days | +40.2% |
Summary: Homes in Cape Coral had an average of 56 days on market in Nov 2023, up by 40.2% compared to last year.
Breakdown of Home Sale Times
144 Homes Were Sold
Under 30 Days
147 Homes Were Sold
In 30 - 90 Days
80 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cape Coral has remained consistent over time.
Summary: During November 2023, 371 homes were sold in Cape Coral; 39% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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Copyright © 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.