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.
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
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
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
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.