Is Cape Coral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$399,188
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cape Coral have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Cape Coral was $399,188 in March 2024, down 3.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $175K | -12.5% |
| 2 Bedrooms | $288.2K | $276.4K | -4.1% |
| 3 Bedrooms | $415K | $396.1K | -4.5% |
| 4 Bedrooms | $473.4K | $421.6K | -11.0% |
| 5+ Bedrooms | $570K | $577K | +1.2% |
Summary: Cape Coral housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Saint James City | $522.5K | $575K | +10.0% |
| Fort Myers | $364.5K | $370.2K | +1.6% |
| North Fort Myers | $330.2K | $329.7K | -0.2% |
| Cape Coral | $414.4K | $399.1K | -3.7% |
Housing Supply in Cape Coral, FL
How many homes are available in Cape Coral, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4,535 | 4,899 | +8.0% |
Summary: The Cape Coral real estate market had 4,899 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 482 | 521 | +8.1% |
| 3 Bedrooms | 2,640 | 2,851 | +8.0% |
| 4 Bedrooms | 1,287 | 1,379 | +7.1% |
| 5+ Bedrooms | 116 | 137 | +18.1% |
Summary: The Cape Coral housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 18.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 448 | 582 | +29.9% |
Asking Price vs. Sold Price
410 Homes Were Sold
Under Asking
120 Homes Were Sold
At Asking
52 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. 70.4% of homes here sold below asking price last month.
Summary: A total of 582 homes were sold or pending in Cape Coral in March 2024, up by 29.9% month-over-month. Of the 582 sold homes, 70% were sold under asking, 21% were sold at asking, and 9% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 71 Days | +32.6% |
Summary: Homes in Cape Coral had an average of 71 days on market in Mar 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
208 Homes Were Sold
Under 30 Days
195 Homes Were Sold
In 30 - 90 Days
179 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cape Coral are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 582 homes were sold in Cape Coral; 36% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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