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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cocoa Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Cocoa Beach was a Seller's Market.

Key Takeaway

Cocoa Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cocoa Beach, FL

How much do homes in Cocoa Beach, FL cost?

Median Sold Price

$466,666

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$18,166(-3.7%)

Key Takeaway

Homes in Cocoa Beach have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Cocoa Beach was $466,666 in November 2024, down 3.7% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $235K$236.5K
+0.6%
2 $380K$360K
-5.3%
3 $649.5K$615K
-5.3%
4 $978K$950K
-2.9%
5+ $1.7M$1.3M
-26.8%

Summary: Cocoa Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 26.8%.

Median Sold Price Compared To Nearby Cities

Cocoa Beach-Cape Canaveral
-0.6%
Cape Canaveral
-0.7%
Cocoa Beach
-3.7%

Housing Supply in Cocoa Beach, FL

How many homes are available in Cocoa Beach, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
238284+19.3%

Summary: The Cocoa Beach real estate market had 284 homes for sale in November 2024, a 19.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2930
+3.4%
2 102123
+20.6%
3 6983
+20.3%
4 2024
+20.0%
5+ 1824
+33.3%

Summary: The Cocoa Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1417+21.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cocoa Beach, you may be able to get a good deal. 94.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Cocoa Beach in November 2024, up by 21.4% month-over-month. Of the 17 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% 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

Nov 2023Nov 2024CHANGE
60 Days88 Days+47.2%

Summary: Homes in Cocoa Beach had an average of 88 days on market in Nov 2024, up by 47.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cocoa Beach has remained consistent over time.

Summary: During November 2024, 17 homes were sold in Cocoa Beach; 24% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 35% 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 7 Days Ago

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