Is Cocoa, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cocoa is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Cocoa has remained a Seller's Market.

Key Takeaway

Cocoa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$14,848(-4.6%)

Key Takeaway

Homes in Cocoa have sold for 4.6% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $105.5K$72K
-31.8%
2 $179K$203.7K
+13.8%
3 $299.9K$299.5K
-0.2%
4 $359.5K$360K
0.1%
5+ $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
0.3%
Rockledge
-0.1%
Merritt Island
-2.3%
Cocoa
-4.6%

Housing Supply in Cocoa, FL

How many homes are available in Cocoa, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
390413+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

# BEDSJan 2024Feb 2024CHANGE
1 2020
0.0%
2 4643
-6.5%
3 221252
+14.0%
4 7777
0.0%
5+ 2621
-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 2024Feb 2024CHANGE
5980+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cocoa, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
49 Days58 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cocoa are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 28 Days Ago

Newest Listings in Cocoa, FL

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