FL · Metro #78

Cape Coral - FL housing market

The Cape Coral metro has a typical home value of $339,372, down 7.3% from a year ago. Homes are sitting 66 days on average - buyers have negotiating room. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$339,372
-7.3% vs. year ago
Median sale price
$364,535
-3.1% YoY
Median list price
$399,300
Sale-to-list ratio
95.1%
Selling below ask
Days on market
66d
Listings w/ price cut
26.8%
New listings / mo
1,985
-14.0% YoY
Homes for sale
12,784
-20.1% YoY
Typical rent
$1,881/mo
-2.8% YoY
Context

How to read this data

The typical home value ($339,372) is the Zillow Home Value Index for the Cape Coral - FL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 7.3% over the past year. A home worth $366,097 last year is now worth roughly $339,372.

The median sale price , what homes actually close for , is $364,535. Homes are selling at 95.1% of list price, meaning buyers have room to negotiate.

Homes listed in Cape Coral - FL sit on the market for roughly 66 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,985 new listings hit the market each month in Cape Coral - FL. There are currently 12,784 homes for sale, down 20.1% from a year ago.

The typical monthly rent in Cape Coral - FL is $1,881, down 2.8% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in FL

MetroHome value1-yr changeDays on market
Miami - FL$475,622 -2.9% 52.0d
Tampa - FL$360,738 -3.4% 34.0d
Orlando - FL$387,733 -3.1% 33.0d
Jacksonville - FL$352,994 -1.7% 43.0d
North Port - FL$403,601 -6.2% 50.0d
Lakeland - FL$298,816 -3.2% 44.0d
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