$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-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, 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
$402,812
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,671(+1.4%)
Key Takeaway
Homes in Cocoa Beach-Cape Canaveral have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Cocoa Beach-Cape Canaveral was $402,812 in October 2024, up 1.4% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | $215K | -2.3% |
| 2 Bedrooms | $365K | $350K | -4.1% |
| 3 Bedrooms | $570.5K | $542K | -5.0% |
| 4 Bedrooms | $937.5K | $925K | -1.3% |
| 5+ Bedrooms | $1.4M | $1.3M | -3.2% |
Summary: Cocoa Beach-Cape Canaveral housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 3.2%.
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-Cape Canaveral, FL
How many homes are available in Cocoa Beach-Cape Canaveral, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 441 | 470 | +6.6% |
Summary: The Cocoa Beach-Cape Canaveral real estate market had 470 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 74 | 78 | +5.4% |
| 2 Bedrooms | 189 | 206 | +9.0% |
| 3 Bedrooms | 122 | 126 | +3.3% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Cocoa Beach-Cape Canaveral housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 35 | -38.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
3 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. 88.6% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Cocoa Beach-Cape Canaveral in October 2024, down by 38.6% month-over-month. Of the 35 sold homes, 89% were sold under asking, 9% were sold at asking, and 3% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 91 Days | +78.2% |
Summary: Homes in Cocoa Beach-Cape Canaveral had an average of 91 days on market in Oct 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cocoa Beach-Cape Canaveral are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 35 homes were sold in Cocoa Beach-Cape Canaveral; 17% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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