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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cocoa Beach-Cape Canaveral is a neutral's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Cocoa Beach-Cape Canaveral, FL cost?

Median Sold Price

$397,192

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$52,150(+15.1%)

Key Takeaway

Homes in Cocoa Beach-Cape Canaveral have sold for 15.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $153K$200K
+30.7%
2 $289.1K$342.7K
+18.5%
3 $455.7K$567K
+24.4%
4 $681.5K$852K
+25.0%
5+ $999.9K$1.4M
+45.0%

Median Sold Price Compared To Nearby Cities

Cocoa Beach
+25.0%
Cocoa Beach-Cape Canaveral
+15.1%
Cape Canaveral
+14.5%

How many homes are available in Cocoa Beach-Cape Canaveral, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
3033030.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 3335
+6.1%
2 135132
-2.2%
3 98100
+2.0%
4 3026
-13.3%
5+ 710
+42.9%

Number of Homes Sold

Oct 2022Nov 2022%
5145-11.8%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cocoa Beach-Cape Canaveral, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
2 Days85 Days+4166.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cocoa Beach-Cape Canaveral are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Cocoa Beach-Cape Canaveral, FL

Cocoa Beach-Cape Canaveral, FL has 303 homes on the market. In November 2022, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $397,192. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 30.7%, 2 bedrooms properties became 18.5% more expensive, 3 bedrooms properties became 24.4% more expensive, the cost of 4 bedrooms properties went up by 25%, 5 bedrooms properties prices increased by 45%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 6.1%, number of 2 bedrooms homes decreased by 2.2%, number of 3 bedrooms homes increased by 2%, volume of 4 bedrooms homes went down by 13.3%, number of 5 bedrooms homes increased by 42.9%. In November 2022, from all listings sold in Cocoa Beach-Cape Canaveral, FL there were more than 2 sold above asking price, over 40 sold below and more than 3 were sold right at the asked price.

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