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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cocoa-Rockledge is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Cocoa-Rockledge, FL cost?

Median Sold Price

$339,503

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$64,427(+23.4%)

Key Takeaway

Homes in Cocoa-Rockledge have sold for 23.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $125K$165K
+32.0%
2 $189.2K$238K
+25.8%
3 $265K$325K
+22.6%
4 $364.3K$424.3K
+16.5%
5+ $490K$595K
+21.4%

Median Sold Price Compared To Nearby Cities

East Orange
+25.3%
Cocoa-Rockledge
+23.4%
Rockledge
+23.4%
Merritt Island
+19.1%
Cocoa
+18.2%

How many homes are available in Cocoa-Rockledge, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
858875+2.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1513
-13.3%
2 10498
-5.8%
3 445461
+3.6%
4 231239
+3.5%
5+ 6364
+1.6%

Number of Homes Sold

Sep 2022Oct 2022%
193185-4.1%

Asking Price vs. Sold Price

110 Homes Were Sold
Under Asking

54 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cocoa-Rockledge, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
7 Days27 Days+282.3%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Cocoa-Rockledge, FL

There are 875 homes are for sale in Cocoa-Rockledge, FL real estate market. Between September 2022 and October 2022, Cocoa-Rockledge, FL real estate market has seen increase in the number of listings by 2%. While the average time on the market in October 2022 was 27 days, the median list price was $339,503. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 32%, the cost of 2 bedrooms properties went up by 25.8%, 3 bedrooms properties became 22.6% more expensive, 4 bedrooms properties prices increased by 16.5%, 5 bedrooms properties became 21.4% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 13.3%, the quantity of 2 bedrooms homes went down by 5.8%, volume of 3 bedrooms homes went up by 3.6%, 4 bedrooms homes inventory increased by 3.5%, 5 bedrooms homes became 1.6% more available. Cocoa-Rockledge, FL housing market in October 2022 saw over 21 listings sold above listed price, more than 54 sold at listed price and over 110 sold below.

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