Is Cocoa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cocoa has remained a Seller's Market.
Key Takeaway
Cocoa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cocoa, FL
How much do homes in Cocoa, FL cost?
Median Sold Price
$307,250
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cocoa have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Cocoa was $307,250 in May 2024, down 2.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $49.7K | -34.5% |
| 2 Bedrooms | $188.8K | $196.5K | +4.1% |
| 3 Bedrooms | $299.1K | $300K | 0.3% |
| 4 Bedrooms | $358.2K | $366.1K | +2.2% |
| 5+ Bedrooms | $423.1K | $436K | +3.0% |
Summary: Cocoa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Rockledge | $364.9K | $371K | +1.7% |
| Merritt Island | $466.3K | $468.3K | 0.4% |
| Cocoa-Rockledge | $348.9K | $349.6K | 0.2% |
| Cocoa | $314.7K | $307.2K | -2.4% |
Housing Supply in Cocoa, FL
How many homes are available in Cocoa, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 403 | 407 | +1.0% |
Summary: The Cocoa real estate market had 407 homes for sale in May 2024, a 1.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 9 | -40.0% |
| 2 Bedrooms | 51 | 56 | +9.8% |
| 3 Bedrooms | 227 | 230 | +1.3% |
| 4 Bedrooms | 92 | 98 | +6.5% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The Cocoa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 103 | +12.0% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 103 homes were sold or pending in Cocoa in May 2024, up by 12.0% month-over-month. Of the 103 sold homes, 62% were sold under asking, 26% were sold at asking, and 12% were sold over asking.
Days on Market for Cocoa, FL
How long does it take to sell a home in Cocoa, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 122 Days | +145.3% |
Summary: Homes in Cocoa had an average of 122 days on market in May 2024, up by 145.3% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cocoa are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 103 homes were sold in Cocoa; 49% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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