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 April 2023
At the same time last year, Cocoa Beach-Cape Canaveral was a Seller's Market.
Key Takeaway
Cocoa Beach-Cape Canaveral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cocoa Beach-Cape Canaveral, FL
How much do homes in Cocoa Beach-Cape Canaveral, FL cost?
Median Sold Price
$414,375
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cocoa Beach-Cape Canaveral have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Cocoa Beach-Cape Canaveral was $414,375 in April 2024, up 3.8% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $230K | +7.0% |
| 2 Bedrooms | $349.7K | $370K | +5.8% |
| 3 Bedrooms | $575K | $560K | -2.6% |
| 4 Bedrooms | $828.5K | $1.0M | +20.7% |
| 5+ Bedrooms | $1.0M | $1.7M | +60.5% |
Summary: Cocoa Beach-Cape Canaveral housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 60.5%.
Median Sold Price Compared To Nearby Cities
| Cocoa Beach | $475K | $505.6K | +6.5% |
| Cocoa Beach-Cape Canaveral | $399.3K | $414.3K | +3.8% |
| Cape Canaveral | $344K | $350.6K | +1.9% |
Housing Supply in Cocoa Beach-Cape Canaveral, FL
How many homes are available in Cocoa Beach-Cape Canaveral, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 461 | 510 | +10.6% |
Summary: The Cocoa Beach-Cape Canaveral real estate market had 510 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 48 | +9.1% |
| 2 Bedrooms | 223 | 247 | +10.8% |
| 3 Bedrooms | 139 | 156 | +12.2% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Cocoa Beach-Cape Canaveral housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 71 | -12.3% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 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. 76.1% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Cocoa Beach-Cape Canaveral in April 2024, down by 12.3% month-over-month. Of the 71 sold homes, 76% were sold under asking, 20% were sold at asking, and 4% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 49 Days | -9.4% |
Summary: Homes in Cocoa Beach-Cape Canaveral had an average of 49 days on market in Apr 2024, down by 9.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 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 April 2024, 71 homes were sold in Cocoa Beach-Cape Canaveral; 51% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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