Is Cape Coral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cape Coral was a Seller's 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
$398,884
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cape Coral have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Cape Coral was $398,884 in April 2024, down 2.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.4K | $172K | -17.1% |
| 2 Bedrooms | $290K | $273.2K | -5.8% |
| 3 Bedrooms | $410K | $395.7K | -3.5% |
| 4 Bedrooms | $459.9K | $420K | -8.7% |
| 5+ Bedrooms | $580K | $578.4K | -0.3% |
Summary: Cape Coral housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Saint James City | $523.7K | $567.4K | +8.4% |
| Fort Myers | $364.5K | $370.3K | +1.6% |
| North Fort Myers | $330.9K | $328.5K | -0.7% |
| Cape Coral | $410K | $398.8K | -2.7% |
Housing Supply in Cape Coral, FL
How many homes are available in Cape Coral, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4,749 | 4,915 | +3.5% |
Summary: The Cape Coral real estate market had 4,915 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 13 | +44.4% |
| 2 Bedrooms | 496 | 504 | +1.6% |
| 3 Bedrooms | 2,771 | 2,865 | +3.4% |
| 4 Bedrooms | 1,340 | 1,400 | +4.5% |
| 5+ Bedrooms | 133 | 133 | 0.0% |
Summary: The Cape Coral housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 632 | 593 | -6.2% |
Asking Price vs. Sold Price
406 Homes Were Sold
Under Asking
130 Homes Were Sold
At Asking
57 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. 68.5% of homes here sold below asking price last month.
Summary: A total of 593 homes were sold or pending in Cape Coral in April 2024, down by 6.2% month-over-month. Of the 593 sold homes, 68% were sold under asking, 22% were sold at asking, and 10% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 71 Days | +39.3% |
Summary: Homes in Cape Coral had an average of 71 days on market in Apr 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
198 Homes Were Sold
Under 30 Days
211 Homes Were Sold
In 30 - 90 Days
184 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cape Coral has remained consistent over time.
Summary: During April 2024, 593 homes were sold in Cape Coral; 33% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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Copyright © 2024 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 Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.