Is Cocoa Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cocoa Beach has remained a Seller's Market.
Key Takeaway
Cocoa Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cocoa Beach, FL
How much do homes in Cocoa Beach, FL cost?
Median Sold Price
$488,125
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cocoa Beach have sold for 3% less than they did a year ago.
Summary: The median home sold price in Cocoa Beach was $488,125 in March 2024, down 3% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $237.6K | 0.0% |
| 2 Bedrooms | $390K | $380K | -2.6% |
| 3 Bedrooms | $639.9K | $670K | +4.7% |
| 4 Bedrooms | $925K | $1.0M | +11.8% |
| 5+ Bedrooms | $1.0M | $1.7M | +65.1% |
Summary: Cocoa Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 65.1%.
Median Sold Price Compared To Nearby Cities
| Cape Canaveral | $334.8K | $355K | +6.0% |
| Cocoa Beach-Cape Canaveral | $398.3K | $405K | +1.7% |
| Cocoa Beach | $502.9K | $488.1K | -3.0% |
Housing Supply in Cocoa Beach, FL
How many homes are available in Cocoa Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 253 | 278 | +9.9% |
Summary: The Cocoa Beach real estate market had 278 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 27 | +8.0% |
| 2 Bedrooms | 117 | 122 | +4.3% |
| 3 Bedrooms | 77 | 90 | +16.9% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Cocoa Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 51 | +70.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa Beach, you may be able to get a good deal. 80.4% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Cocoa Beach in March 2024, up by 70.0% month-over-month. Of the 51 sold homes, 80% were sold under asking, 12% were sold at asking, and 8% were sold over asking.
Days on Market for Cocoa Beach, FL
How long does it take to sell a home in Cocoa Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 80 Days | +26.6% |
Summary: Homes in Cocoa Beach had an average of 80 days on market in Mar 2024, up by 26.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cocoa Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 51 homes were sold in Cocoa Beach; 45% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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