$4,857 Closing Credit*
$409,000
1,925 SqFt
3 Beds
•2 Full Baths
VANESSA ALLEN, Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE
Is The Cape, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, The Cape has remained a Seller's Market.
Key Takeaway
The Cape is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Cape, FL
How much do homes in The Cape, FL cost?
Median Sold Price
$375,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,500(+1.5%)
Key Takeaway
Homes in The Cape have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in The Cape was $375,000 in October 2024, up 1.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $335K | $339.9K | +1.5% |
| 4 Bedrooms | $385K | $405K | +5.2% |
| 5+ Bedrooms | $432.5K | $455.9K | +5.4% |
Summary: The Cape housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in The Cape, FL
How many homes are available in The Cape, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The The Cape real estate market had 41 homes for sale in October 2024, a 8.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The The Cape housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in The Cape, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in The Cape in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for The Cape, FL
How long does it take to sell a home in The Cape, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 49 Days | -5.5% |
Summary: Homes in The Cape had an average of 49 days on market in Oct 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in The Cape has remained consistent over time.
Summary: During October 2024, 10 homes were sold in The Cape; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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