Cape Coral, FL
Housing Market
Cape Coral's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Cape Coral’s supply and demand trends. Our report equips you with the information you need to make well-informed decisions.
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Buy or SellCape Coral Housing Market Overview
Cape Coral real estate shows clear signs of a buyer's market. Home prices have decreased 2.5% year-over-year to a $390K median price point. The market saw only 379 homes sold this February, down 14.4%. Houses for sale in Cape Coral typically remain available for a median of 7 days before selling. This represents an 11-day decrease from the previous year's timeframe.
The Cape Coral housing market is a mix of single-family homes, waterfront properties, and vacation homes, with options across various budgets and lifestyles. Over the years, the city has experienced fluctuating property values, but it remains a popular destination due to its warm weather, proximity to the Gulf Coast, and affordability compared to larger Florida cities. Cape Coral’s real estate market continues to be a key part of Florida's economy, driven by both domestic and out-of-state buyers looking for vacation homes or retirement properties.
The Cape Coral housing market is a mix of single-family homes, waterfront properties, and vacation homes, with options across various budgets and lifestyles. Over the years, the city has experienced fluctuating property values, but it remains a popular destination due to its warm weather, proximity to the Gulf Coast, and affordability compared to larger Florida cities. Cape Coral’s real estate market continues to be a key part of Florida's economy, driven by both domestic and out-of-state buyers looking for vacation homes or retirement properties.
Median Sale Price
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Cape Coral Housing Supply
Cape Coral homes for sale reached 3,736 available properties this February. This represents a substantial 11% increase in inventory from last year. New listings declined to 857 homes. This 7.6% drop indicates fewer owners choose to sell. The Cape Coral real estate market currently maintains a significant 10 months of available supply. This supply level grew by 2.4 months compared to February 2024.
Cape Coral offers an appealing lifestyle with a mix of suburban tranquility and waterfront living, making it an attractive destination for retirees, second-home buyers, and families. With current home values in Cape Coral, FL dropping, it’s relatively more affordable compared to major Florida markets like Miami or Tampa. If you’re buying a home in Cape Coral right now, you’ll find that it's a strong buyer's market, with less competition and more room for negotiation. Popular areas near the waterfront, or with easy access to boating and fishing, such as the Southwest Cape Coral area, are among the best places to live. However, you may have to pay HOA fees for common areas in certain planned communities or condos. As a buyer, you should still take time to thoroughly inspect potential houses for sale in Cape Coral before you commit, and even request seller concessions given the slower market.
Cape Coral offers an appealing lifestyle with a mix of suburban tranquility and waterfront living, making it an attractive destination for retirees, second-home buyers, and families. With current home values in Cape Coral, FL dropping, it’s relatively more affordable compared to major Florida markets like Miami or Tampa. If you’re buying a home in Cape Coral right now, you’ll find that it's a strong buyer's market, with less competition and more room for negotiation. Popular areas near the waterfront, or with easy access to boating and fishing, such as the Southwest Cape Coral area, are among the best places to live. However, you may have to pay HOA fees for common areas in certain planned communities or condos. As a buyer, you should still take time to thoroughly inspect potential houses for sale in Cape Coral before you commit, and even request seller concessions given the slower market.
# of Homes for Sale
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Cape Coral
Cape Coral Housing Demand
Cape Coral real estate shows clear signs of weakening buyer demand. Only 7.4% of homes sold above their list price this February. This represents a 0.96 percentage point decrease from last year. On the other hand, price reductions occurred on nearly half of all listings, with 45% of homes selling below list price. This is a significant increase from 39.2% last year. The average sale-to-list price ratio also fell to 96.1%. This key metric declined 0.52 points compared to February 2024.
As a home seller, it’s crucial to price your Cape Coral property accurately from the start to avoid price reductions. You can offer concessions to buyers to sell quickly, especially given the current buyer’s market. It’s also a good idea to list your home on the Florida MLS to reach a wide pool of buyers. With homes selling in an average of 70 days, you can expect an extended selling period. If you’re buying a property for sale in Cape Coral, consider focusing on properties that have been on the market for long periods, or those that have already undergone price reductions. These are likely to give you more room for negotiation.
As a home seller, it’s crucial to price your Cape Coral property accurately from the start to avoid price reductions. You can offer concessions to buyers to sell quickly, especially given the current buyer’s market. It’s also a good idea to list your home on the Florida MLS to reach a wide pool of buyers. With homes selling in an average of 70 days, you can expect an extended selling period. If you’re buying a property for sale in Cape Coral, consider focusing on properties that have been on the market for long periods, or those that have already undergone price reductions. These are likely to give you more room for negotiation.
Homes Sold Above List Price
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Strong
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Balanced
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Strong
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Cape Coral Housing Market: When to Buy or Sell?
Cape Coral’s housing market currently favors buyers. Like the broader Florida real estate market , Cape Coral can favor both buyers and sellers based on seasonal trends. When inventory is high and competition is low, buyers have more negotiation opportunities and can afford to be more selective. Sellers, on the other hand, may benefit from higher prices and quicker sales when demand outpaces supply.
Moreover, if the months of Cape Coral’s housing supply rise above the balanced conditions of the US real estate market (5 to 6 months), it will give buyers more time to consider their options. Understanding these market forces can help you time your purchase or sale more strategically.
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Frequently Asked Questions
How has Cape Coral’s median home price changed over the past year?
Over the past year, Cape Coral's median home prices have shown a decrease. As of February 2025, the median home price is $390,000, reflecting a 2.5% drop from the previous year. The market has cooled, causing sellers to adjust their pricing strategies in order to attract buyers. You can use our free home value estimator to assess your Cape Coral property's current market value and compare it with homes in your area.
What is the forecast for the Cape Coral, Florida housing market in 2025?
The Cape Coral housing market appears to be stabilizing after recent declines. The median price dropped by 2.5% YoY in February 2025, with the current median at $390,000. Looking at historical patterns, expect a gradual stabilization for the remainder of 2025. While the broader Florida market shows mixed signals, Cape Coral should see a modest recovery in the latter part of 2025.
What’s the Cape Coral median home price?
The Cape Coral median home price depends on factors like home type, size, and local market conditions. Condo prices typically start around $226,450, while single-family homes average $400,000. If you're looking to buy, there are cheap homes for sale in Cape Coral that can fit your budget.
Is this a good time to buy a home in Cape Coral?
Given the current Cape Coral housing market demand trends, now is a great time to buy a house. With 10 months of supply, you have a wide variety of homes to choose from. Moreover, 45% of properties are selling below the asking price, so you can negotiate a great deal.
How is the housing market in Cape Coral, FL?
The housing market in Cape Coral, FL is in a state of decline when compared to the national market. Demand is dormant, and competition is very low. Limited demand causes properties to stay on the market for longer than average.
When will the Cape Coral housing market crash?
According to Cape Coral housing market projections, the market is unlikely to crash despite the current decline. Home prices and demand may increase during the summer. However, the market will remain sluggish, with slight improvements projected through 2025.
How to buy a Cape Coral property?
The steps to buying a home in Cape Coral must start with a clear budget and mortgage pre-approval. Buyers can then search for houses for sale in Cape Coral, submit offers, secure loans, and complete the closing process.
How can I list my property for sale in Cape Coral?
You can list your home for sale with a Flat Fee MLS Florida listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What are the current Cape Coral mortgage rates?
The average mortgage rate for buyers fluctuates between 6.34% and 6.99%. It depends on the market and the borrower's credit score. Always check current rates with lenders.
What is the cost of living in Cape Coral, Florida?
The cost of living in Cape Coral is not as low as in other states. It’s 6% higher than the national average and 7% higher than the state average. Housing costs alone are 11% higher than the national average. The typical single-family home in Cape Coral costs $400,000, with regional price variations.
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