FL · Metro #78

Cape Coral - FL housing market

The Cape Coral metro has a typical home value of $340,796, down 8.1% from a year ago. Homes are sitting 65 days on average - buyers have negotiating room. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$340,796
-8.1% vs. year ago
Median sale price
$370,960
-2.7% YoY
Median list price
$399,600
Sale-to-list ratio
94.9%
Selling below ask
Days on market
65d
Listings w/ price cut
28.1%
New listings / mo
2,192
-17.2% YoY
Homes for sale
13,301
-18.3% YoY
Typical rent
$1,878/mo
-3.8% YoY
Context

How to read this data

The typical home value ($340,796) is the Zillow Home Value Index for the Cape Coral - FL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 8.1% over the past year. A home worth $370,834 last year is now worth roughly $340,796.

The median sale price , what homes actually close for , is $370,960. Homes are selling at 94.9% of list price, meaning buyers have room to negotiate.

Homes listed in Cape Coral - FL sit on the market for roughly 65 days before going pending. Shorter = seller's market; longer = buyer's market.

About 28.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,192 new listings hit the market each month in Cape Coral - FL. There are currently 13,301 homes for sale, down 18.3% from a year ago.

The typical monthly rent in Cape Coral - FL is $1,878, down 3.8% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in FL

MetroHome value1-yr changeDays on market
Miami - FL$473,725 -3.5% 56.0d
Tampa - FL$359,150 -3.8% 36.0d
Orlando - FL$386,582 -3.4% 34.0d
Jacksonville - FL$351,554 -1.9% 46.0d
North Port - FL$403,701 -6.7% 48.0d
Lakeland - FL$298,610 -3.5% 44.0d
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