How's the Real Estate Market??

Cape Coral, FL 33993

Single-Family Homes

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



Cape Coral, FL 33993

Sun May 29 2022
This week the median list price for Cape Coral, FL 33993 is $518,450 with the market action index hovering around 61. This is less than last month's market action index of 67. Inventory has increased to 160. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 33993

Sun May 29 2022
This week the median list price for Cape Coral, FL 33993 is $518,450 with the market action index hovering around 61. This is less than last month's market action index of 67. Inventory has increased to 160. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $518,450
Median Price of New Listings $449,500
Per Square Foot $273
Average Days on Market 48
Median Days on Market 21
Price Decreased 38%
Price Increased 9%
Relisted 5%
Inventory 160
Median Rent
Market Action 61
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$999,450 2,251 0.25 - 0.5 acre 3 3 3 6 8 35
$560,000 1,916 0.25 - 0.5 acre 3 2 14 7 3 35
$461,950 1,736 0.25 - 0.5 acre 3 2 11 10 6 35
$381,149 1,573 0.25 - 0.5 acre 3 2 16 13 15 7