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

Housing Market Conditions



Gauge showing Cape Coral is a 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



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

# BEDSNov 2022Nov 2023CHANGE
1 $176K$180K
2 $279.9K$286K
3 $409.8K$399.6K
4 $474.8K$434.1K
5+ $577.5K$559.9K

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
North Fort Myers
Saint James City
Cape Coral

Housing Supply in Cape Coral, FL

How many homes are available in Cape Coral, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

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

# BEDSOct 2023Nov 2023CHANGE
1 76
2 381438
3 2,0142,184
4 1,0441,089
5+ 8791

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 2023Nov 2023CHANGE

Asking Price vs. Sold Price

259 Homes Were Sold
Under Asking

86 Homes Were Sold
At Asking

26 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. 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 2022Nov 2023CHANGE
39 Days56 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

Breakdown of Home Sale Times

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.

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

Report Updated 1 Day Ago

Newest Listings in Cape Coral, FL

Nearby Markets to Cape Coral, FL

What housing markets are near Cape Coral, FL?