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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cape Coral is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Cape Coral has remained a Seller's Market.

Key Takeaway

Cape Coral is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cape Coral, FL cost?

Median Sold Price

$389,237

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$90,965(+30.5%)

Key Takeaway

Homes in Cape Coral have sold for 30.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $124K$166K
+33.9%
2 $190K$260K
+36.9%
3 $297.5K$384.9K
+29.4%
4 $350K$449K
+28.3%
5+ $380K$540K
+42.1%

Median Sold Price Compared To Nearby Cities

North Fort Myers
+31.6%
Cape Coral
+30.5%
Fort Myers
+25.8%
Pine Island
+21.0%
Saint James City
+20.7%

How many homes are available in Cape Coral, FL?

Number of Homes For Sale

May 2022Jun 2022%
2,3092,327+0.8%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 1511
-26.7%
2 242220
-9.1%
3 1,4241,460
+2.5%
4 549559
+1.8%
5+ 7977
-2.5%

Number of Homes Sold

May 2022Jun 2022%
667570-14.5%

Asking Price vs. Sold Price

211 Homes Were Sold
Under Asking

159 Homes Were Sold
At Asking

200 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cape Coral, you may be able to get a good deal. 37% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
15 Days19 Days+29.0%

Breakdown of Home Sale Times

469 Homes Were Sold
Under 30 Days

81 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Cape Coral, FL

Cape Coral, FL has 2,327 homes for sale to choose from. In June 2022 in Cape Coral, FL there were 0.8% more homes for sale than in May 2022. The median list price of listings available in June 2022 was $389,237, while the average time on the real estate market was 19 days. From May 2022 through June 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 33.9% more expensive, 2 bedrooms properties became 36.9% more expensive, the cost of 3 bedrooms properties went up by 29.4%, 4 bedrooms properties became 28.3% more expensive, the cost of 5 bedrooms properties went up by 42.1%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 26.7%, 2 bedrooms homes inventory decreased by 9.1%, number of 3 bedrooms homes increased by 2.5%, volume of 4 bedrooms homes went up by 1.8%, volume of 5 bedrooms homes went down by 2.5%. Cape Coral, FL housing market in June 2022 saw over 200 listings sold above listed price, more than 159 sold at listed price and over 211 sold below.

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