Is Cocoa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Cocoa has remained a Seller's Market.
Housing Prices in Cocoa, FL
How much do homes in Cocoa, FL cost?
Median Sold Price
$305,064
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Cocoa was $305,064 in February 2024, down 4.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.5K | $72K | -31.8% |
2 Bedrooms | $179K | $203.7K | +13.8% |
3 Bedrooms | $299.9K | $299.5K | -0.2% |
4 Bedrooms | $359.5K | $360K | 0.1% |
5+ Bedrooms | $434.6K | $436K | 0.3% |
Summary: Cocoa housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Cocoa-Rockledge | $349K | $349.9K | 0.3% |
Rockledge | $370.2K | $369.9K | -0.1% |
Merritt Island | $464.8K | $454.1K | -2.3% |
Cocoa | $319.9K | $305K | -4.6% |
Housing Supply in Cocoa, FL
How many homes are available in Cocoa, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
390 | 413 | +5.9% |
Summary: The Cocoa real estate market had 413 homes for sale in February 2024, a 5.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 20 | 0.0% |
2 Bedrooms | 46 | 43 | -6.5% |
3 Bedrooms | 221 | 252 | +14.0% |
4 Bedrooms | 77 | 77 | 0.0% |
5+ Bedrooms | 26 | 21 | -19.2% |
Summary: The Cocoa housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 19.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
59 | 80 | +35.6% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Cocoa in February 2024, up by 35.6% month-over-month. Of the 80 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% were sold over asking.
Days on Market for Cocoa, FL
How long does it take to sell a home in Cocoa, FL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 58 Days | +19.1% |
Summary: Homes in Cocoa had an average of 58 days on market in Feb 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During February 2024, 80 homes were sold in Cocoa; 41% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.