Is Cocoa Beach-Cape Canaveral, 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, Cocoa Beach-Cape Canaveral was a Seller's Market.
Key Takeaway
Cocoa Beach-Cape Canaveral is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cocoa Beach-Cape Canaveral, FL
How much do homes in Cocoa Beach-Cape Canaveral, FL cost?
Median Sold Price
$405,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cocoa Beach-Cape Canaveral have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Cocoa Beach-Cape Canaveral was $405,000 in March 2024, up 1.7% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $220K | +2.3% |
| 2 Bedrooms | $349K | $369K | +5.7% |
| 3 Bedrooms | $570K | $560K | -1.8% |
| 4 Bedrooms | $877.5K | $1.0M | +14.0% |
| 5+ Bedrooms | $1.0M | $1.6M | +67.5% |
Summary: Cocoa Beach-Cape Canaveral housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 67.5%.
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-Cape Canaveral, FL
How many homes are available in Cocoa Beach-Cape Canaveral, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 428 | 475 | +11.0% |
Summary: The Cocoa Beach-Cape Canaveral real estate market had 475 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 49 | 49 | 0.0% |
| 2 Bedrooms | 199 | 220 | +10.6% |
| 3 Bedrooms | 133 | 153 | +15.0% |
| 4 Bedrooms | 34 | 34 | 0.0% |
| 5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Cocoa Beach-Cape Canaveral housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 79 | +46.3% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa Beach-Cape Canaveral, you may be able to get a good deal. 86.1% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Cocoa Beach-Cape Canaveral in March 2024, up by 46.3% month-over-month. Of the 79 sold homes, 86% were sold under asking, 9% were sold at asking, and 5% were sold over asking.
Days on Market for Cocoa Beach-Cape Canaveral, FL
How long does it take to sell a home in Cocoa Beach-Cape Canaveral, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 79 Days | +34.5% |
Summary: Homes in Cocoa Beach-Cape Canaveral had an average of 79 days on market in Mar 2024, up by 34.5% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cocoa Beach-Cape Canaveral are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 79 homes were sold in Cocoa Beach-Cape Canaveral; 41% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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