FL · Metro #78

Cape Coral - FL housing market

The Cape Coral metro has a typical home value of $338,436, down 6.4% from a year ago. Homes are sitting 68 days on average, buyers have negotiating room. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$338,436
-6.4% vs. year ago
Median sale price
$361,588
-2.5% YoY
Median list price
$397,667
Sale-to-list ratio
95.3%
Selling below ask
Days on market
68d
Listings w/ price cut
24.2%
New listings / mo
1,720
-9.1% YoY
Homes for sale
11,965
-21.1% YoY
Typical rent
$1,874/mo
-1.9% YoY
Context

How to read this data

The typical home value ($338,436) 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 6.4% over the past year. A home worth $361,577 last year is now worth roughly $338,436.

The median sale price , what homes actually close for , is $361,588. Homes are selling at 95.3% of list price, meaning buyers have room to negotiate.

Homes listed in Cape Coral - FL sit on the market for roughly 68 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,720 new listings hit the market each month in Cape Coral - FL. There are currently 11,965 homes for sale, down 21.1% from a year ago.

The typical monthly rent in Cape Coral - FL is $1,874, down 1.9% 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$476,598 -2.2% 52.0d
Tampa - FL$361,156 -2.9% 34.0d
Orlando - FL$387,301 -2.8% 33.0d
Jacksonville - FL$353,742 -1.3% 42.0d
North Port - FL$404,078 -5.4% 52.0d
Lakeland - FL$298,822 -3.0% 44.0d
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