Is Cocoa Beach-Cape Canaveral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cocoa Beach-Cape Canaveral was a Seller's Market.
Key Takeaway
Cocoa Beach-Cape Canaveral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cocoa Beach-Cape Canaveral, FL
How much do homes in Cocoa Beach-Cape Canaveral, FL cost?
Median Sold Price
$415,625
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cocoa Beach-Cape Canaveral have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Cocoa Beach-Cape Canaveral was $415,625 in May 2024, up 5.2% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.4K | $222.5K | +2.3% |
| 2 Bedrooms | $350K | $360K | +2.9% |
| 3 Bedrooms | $565.5K | $560K | -1.0% |
| 4 Bedrooms | $799.9K | $1.0M | +25.0% |
| 5+ Bedrooms | $1.0M | $1.7M | +66.3% |
Summary: Cocoa Beach-Cape Canaveral housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.3%.
Median Sold Price Compared To Nearby Cities
| Cocoa Beach | $463.3K | $515K | +11.2% |
| Cocoa Beach-Cape Canaveral | $394.9K | $415.6K | +5.2% |
| Cape Canaveral | $353.8K | $345K | -2.5% |
Housing Supply in Cocoa Beach-Cape Canaveral, FL
How many homes are available in Cocoa Beach-Cape Canaveral, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 482 | 514 | +6.6% |
Summary: The Cocoa Beach-Cape Canaveral real estate market had 514 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 46 | 56 | +21.7% |
| 2 Bedrooms | 232 | 231 | -0.4% |
| 3 Bedrooms | 145 | 167 | +15.2% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Cocoa Beach-Cape Canaveral housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 63 | -17.1% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa Beach-Cape Canaveral, you may be able to get a good deal. 84.1% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Cocoa Beach-Cape Canaveral in May 2024, down by 17.1% month-over-month. Of the 63 sold homes, 84% were sold under asking, 14% were sold at asking, and 2% were sold over asking.
Days on Market for Cocoa Beach-Cape Canaveral, FL
How long does it take to sell a home in Cocoa Beach-Cape Canaveral, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 80 Days | +90.4% |
Summary: Homes in Cocoa Beach-Cape Canaveral had an average of 80 days on market in May 2024, up by 90.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cocoa Beach-Cape Canaveral are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 63 homes were sold in Cocoa Beach-Cape Canaveral; 38% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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