How's the Real Estate Market??

Cape Coral, FL 33904

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



Cape Coral, FL 33904

Sun May 29 2022
This week the median list price for Cape Coral, FL 33904 is $786,500 with the market action index hovering around 65. This is less than last month's market action index of 72. Inventory has increased to 114. Click here to stay informed with the Cape Coral market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cape Coral, FL 33904

Sun May 29 2022
This week the median list price for Cape Coral, FL 33904 is $786,500 with the market action index hovering around 65. This is less than last month's market action index of 72. Inventory has increased to 114. Click here to stay informed with the Cape Coral market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cape Coral market.
Median List Price $786,500
Median Price of New Listings $650,450
Per Square Foot $440
Average Days on Market 56
Median Days on Market 21
Price Decreased 41%
Price Increased 10%
Relisted 11%
Inventory 114
Median Rent
Market Action 65
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,849,999 2,815 0.25 - 0.5 acre 3 3 21 5 0 24
$899,950 2,084 0.25 - 0.5 acre 3 2.5 43 5 2 21
$649,999 1,673 0.25 - 0.5 acre 3 2 53 6 4 28
$420,000 1,592 0.25 - 0.5 acre 3 2 39 8 7 14