Is Cocoa-Rockledge, 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-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.
Housing Prices in Cocoa-Rockledge, FL
How much do homes in Cocoa-Rockledge, FL cost?
Median Sold Price
$349,965
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cocoa-Rockledge have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Cocoa-Rockledge was $349,965 in March 2024, up 0.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $170K | -5.6% |
| 2 Bedrooms | $240.9K | $242.3K | +0.6% |
| 3 Bedrooms | $334.8K | $339.9K | +1.5% |
| 4 Bedrooms | $405K | $399.9K | -1.2% |
| 5+ Bedrooms | $555K | $473.7K | -14.6% |
Summary: Cocoa-Rockledge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Cities
| East Orange | $520.5K | $529.5K | +1.7% |
| Merritt Island | $461.9K | $469.3K | +1.6% |
| Cocoa-Rockledge | $347.8K | $349.9K | +0.6% |
| Rockledge | $372.2K | $368K | -1.1% |
| Cocoa | $314.9K | $305K | -3.2% |
Housing Supply in Cocoa-Rockledge, FL
How many homes are available in Cocoa-Rockledge, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 891 | 889 | -0.2% |
Summary: The Cocoa-Rockledge real estate market had 889 homes for sale in March 2024, a 0.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 25 | -16.7% |
| 2 Bedrooms | 117 | 119 | +1.7% |
| 3 Bedrooms | 470 | 465 | -1.1% |
| 4 Bedrooms | 220 | 225 | +2.3% |
| 5+ Bedrooms | 54 | 55 | +1.9% |
Summary: The Cocoa-Rockledge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 202 | 191 | -5.4% |
Asking Price vs. Sold Price
122 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa-Rockledge, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.
Summary: A total of 191 homes were sold or pending in Cocoa-Rockledge in March 2024, down by 5.4% month-over-month. Of the 191 sold homes, 64% were sold under asking, 25% were sold at asking, and 12% were sold over asking.
Days on Market for Cocoa-Rockledge, FL
How long does it take to sell a home in Cocoa-Rockledge, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 51 Days | +2.6% |
Summary: Homes in Cocoa-Rockledge had an average of 51 days on market in Mar 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cocoa-Rockledge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 191 homes were sold in Cocoa-Rockledge; 52% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.