$4,928 Closing Credit*
$415,000
1,200 SqFt
2 Beds
•2 Full Baths
#1029860, Alexandra J. Hodkin, Listing Office: RE/MAX Aerospace Realty
Is Cape Canaveral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cape Canaveral was a Seller's Market.
Key Takeaway
Cape Canaveral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cape Canaveral, FL
How much do homes in Cape Canaveral, FL cost?
Median Sold Price
$348,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,950(-3.3%)
Key Takeaway
Homes in Cape Canaveral have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Cape Canaveral was $348,000 in October 2024, down 3.3% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $159K | -11.7% |
| 2 Bedrooms | $330.5K | $325K | -1.7% |
| 3 Bedrooms | $460K | $462.5K | 0.5% |
| 4 Bedrooms | $429K | $900K | +109.8% |
| 5+ Bedrooms | $742.5K | $1.2M | +64.4% |
Summary: Cape Canaveral housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 109.8%, and 5+ bedroom homes increased by 64.4%.
Median Sold Price Compared To Nearby Cities
| Cocoa Beach | $475K | $490.6K | +3.3% |
| Cocoa Beach-Cape Canaveral | $397.1K | $402.8K | +1.4% |
| Cape Canaveral | $359.9K | $348K | -3.3% |
Housing Supply in Cape Canaveral, FL
How many homes are available in Cape Canaveral, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 193 | 204 | +5.7% |
Summary: The Cape Canaveral real estate market had 204 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 42 | +2.4% |
| 2 Bedrooms | 85 | 94 | +10.6% |
| 3 Bedrooms | 50 | 50 | 0.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Cape Canaveral housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cape Canaveral, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Cape Canaveral in October 2024, down by 31.0% month-over-month. Of the 20 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Cape Canaveral, FL
How long does it take to sell a home in Cape Canaveral, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 81 Days | +42.2% |
Summary: Homes in Cape Canaveral had an average of 81 days on market in Oct 2024, up by 42.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cape Canaveral are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 20 homes were sold in Cape Canaveral; 25% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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