The Cape Coral real estate market remains one of the hottest in the nation. In the past year, the median home price has risen by a significant amount and the number of homes sold has also increased significantly. In addition, the number of days on the market has dropped significantly, indicating that homes are selling quickly.
The median home price in Cape Coral currently stands at $258,000, which is up 8.3% from the previous year. The number of homes sold in the past year also increased by 12.7%, with 3,531 homes sold. In addition, the average days on the market dropped significantly, with homes now selling in an average of 29 days. The market continues to be strong with high demand and low inventory.
The average list price per square foot is also up, currently standing at $152, which is a 5.4% increase from the previous year. Overall, the real estate market remains strong and is expected to continue to be favorable for buyers and sellers alike. Cape Coral Florida real estate prices are growing steadily. The median home value in Cape Coral is currently $235,800, which is up 5.2% over the past year, and up a significant 17.7% over the past five years. This is significantly higher than the national median home value of $214,200, which has only increased 2.7% over the past year.
Looking ahead, the experts at Zillow predict that the median home value in Cape Coral will rise 5.5% over the next 12 months. This is significantly higher than the national prediction of 4.1%. It appears that the real estate market is continuing on its current trajectory of steady growth.
Cape Coral, FL Market Report FAQs
1. What is the current median list price for homes in Cape Coral, FL?
- The current median list price is $499,000.
2. What is the Market Action Index for Cape Coral, FL, and what does it indicate?
- The Market Action Index is 29, indicating a slight buyer’s advantage. This suggests that the market is leaning slightly in favor of buyers, though conditions remain relatively balanced.
3. How has the Market Action Index changed recently?
- The Market Action Index has remained steady at 29, consistent with last month’s figure.
4. What is the current inventory level in Cape Coral?
- The inventory level has decreased to 2,647 homes.
5. What are the average and median days on market for homes in Cape Coral?
- The average days on market is 130, while the median days on market is 91.
6. How have home prices changed over the past year in Cape Coral?
- The median home price has increased by 8.3% over the past year, currently standing at $258,000.
7. What is the median price per square foot for homes in Cape Coral?
- The median price per square foot is $270.
8. What percentage of homes have experienced price changes recently?
- 57% of homes have had a price decrease, 6% have had a price increase, and 12% have been relisted.
9. What is the current median rent in Cape Coral?
- The median rent is $2,360.
10. How has the number of homes sold changed over the past year? – The number of homes sold has increased by 12.7%, with 3,531 homes sold in the past year.
11. What is the current average list price per square foot in Cape Coral? – The average list price per square foot is $152, which is a 5.4% increase from the previous year.
12. How does Cape Coral’s market compare to the national real estate market? – Cape Coral’s real estate market is experiencing higher growth compared to the national average. The median home value in Cape Coral is currently $235,800, which is significantly higher than the national median home value of $214,200.
13. What are the predictions for Cape Coral’s home values over the next year? – Zillow predicts that the median home value in Cape Coral will rise by 5.5% over the next 12 months.
14. Where can I find more information or stay updated on the Cape Coral real estate market? – You can stay informed by clicking [here] to view more charts and updates on the Cape Coral market.
