$8,871 Closing Credit*
$747,000
13 SqFt
2 Beds
•2 Full Baths
#1029903, Pryntha Goldsmith, Listing Office: Walker Bagwell Properties Ltd
Is Cocoa Beach, 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, Cocoa Beach was a Seller's Market.
Key Takeaway
Cocoa Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cocoa Beach, FL
How much do homes in Cocoa Beach, FL cost?
Median Sold Price
$490,694
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,694(+3.3%)
Key Takeaway
Homes in Cocoa Beach have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Cocoa Beach was $490,694 in October 2024, up 3.3% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236.2K | $237.3K | 0.5% |
| 2 Bedrooms | $380K | $360K | -5.3% |
| 3 Bedrooms | $670K | $615K | -8.2% |
| 4 Bedrooms | $1.0M | $945K | -5.5% |
| 5+ Bedrooms | $1.7M | $1.4M | -16.2% |
Summary: Cocoa Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 16.2%.
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 Cocoa Beach, FL
How many homes are available in Cocoa Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 248 | 266 | +7.3% |
Summary: The Cocoa Beach real estate market had 266 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 36 | +9.1% |
| 2 Bedrooms | 104 | 112 | +7.7% |
| 3 Bedrooms | 72 | 76 | +5.6% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Cocoa Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 15 | -46.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa Beach, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Cocoa Beach in October 2024, down by 46.4% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Cocoa Beach, FL
How long does it take to sell a home in Cocoa Beach, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 103 Days | +119.3% |
Summary: Homes in Cocoa Beach had an average of 103 days on market in Oct 2024, up by 119.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cocoa Beach has remained consistent over time.
Summary: During October 2024, 15 homes were sold in Cocoa Beach; 7% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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