Is Cape Coral, 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, Cape Coral was a Seller's Market.
Housing Prices in Cape Coral, FL
How much do homes in Cape Coral, FL cost?
Median Sold Price
$399,188
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cape Coral was $399,188 in March 2024, down 3.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.9K | $175K | -12.5% |
2 Bedrooms | $288.2K | $276.4K | -4.1% |
3 Bedrooms | $415K | $396.1K | -4.5% |
4 Bedrooms | $473.4K | $421.6K | -11.0% |
5+ Bedrooms | $570K | $577K | +1.2% |
Summary: Cape Coral housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Saint James City | $522.5K | $575K | +10.0% |
Fort Myers | $364.5K | $370.2K | +1.6% |
North Fort Myers | $330.2K | $329.7K | -0.2% |
Cape Coral | $414.4K | $399.1K | -3.7% |
Housing Supply in Cape Coral, FL
How many homes are available in Cape Coral, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4,535 | 4,899 | +8.0% |
Summary: The Cape Coral real estate market had 4,899 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 482 | 521 | +8.1% |
3 Bedrooms | 2,640 | 2,851 | +8.0% |
4 Bedrooms | 1,287 | 1,379 | +7.1% |
5+ Bedrooms | 116 | 137 | +18.1% |
Summary: The Cape Coral housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 18.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
448 | 582 | +29.9% |
Asking Price vs. Sold Price
410 Homes Were Sold
Under Asking
120 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Summary: A total of 582 homes were sold or pending in Cape Coral in March 2024, up by 29.9% month-over-month. Of the 582 sold homes, 70% were sold under asking, 21% were sold at asking, and 9% were sold over asking.
Days on Market for Cape Coral, FL
How long does it take to sell a home in Cape Coral, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 71 Days | +32.6% |
Summary: Homes in Cape Coral had an average of 71 days on market in Mar 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
208 Homes Were Sold
Under 30 Days
195 Homes Were Sold
In 30 - 90 Days
179 Homes Were Sold
Over 90 Days
Summary: During March 2024, 582 homes were sold in Cape Coral; 36% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.