Cape Coral Real Estate Market Update: December Insights
As the year wraps up, it’s the perfect time to look at the real estate market trends in Cape Coral. Whether you’re planning to sell, buy, or just stay informed, this breakdown by zip code will give you a clear picture of what’s happening across our beautiful city.
The data shows a balanced market, leaning slightly in favor of buyers, but it’s still a great time to sell if your home is well-priced. Here’s what you need to know.
Cape Coral Overall Market Highlights
- Months of Inventory: 6.88 (Balanced market)
- 12-Month Inventory Change: +39.27% (Rising inventory = more choices for buyers)
- Median Days on Market: 57 (Homes are still selling steadily)
- List-to-Sold Price Ratio: 97.3% (Sellers are getting close to asking price)
- Median Sold Price: $395,000
Buyers, now is your chance to shop with less pressure. Sellers, pricing your home competitively is key to standing out.
Market by Zip Code
Let’s break it down by Cape Coral’s main quadrants. Each area has its own unique trends, and understanding these nuances is critical whether you’re buying or selling.
33904 – Southeast Cape Coral
- Months of Inventory: 6.97
- 12-Month Inventory Change: +52.18%
- Median Days on Market: 50
- List-to-Sold Price Ratio: 96.1%
- Median Sold Price: $369,025
💡 What It Means
This area is seeing a significant increase in inventory, making it ideal for buyers looking for options. Sellers, the slightly lower list-to-sold ratio highlights the importance of accurate pricing.
33914 – Southwest Cape Coral
- Months of Inventory: 7.92
- 12-Month Inventory Change: +34.24%
- Median Days on Market: 56
- List-to-Sold Price Ratio: 96.3%
- Median Sold Price: $475,000
💡 What It Means
Southwest Cape Coral continues to attract buyers in the higher price range. Competitive pricing will help sellers capitalize on this area’s strong demand.
33909 – Northeast Cape Coral
- Months of Inventory: 6.13
- 12-Month Inventory Change: +61.32%
- Median Days on Market: 68
- List-to-Sold Price Ratio: 98.8%
- Median Sold Price: $342,500
💡 What It Means
Inventory has jumped here, creating a buyer-friendly environment. Sellers, the high list-to-sold ratio shows buyers are willing to pay top dollar for the right home, so presentation matters!
33993 – Northwest Cape Coral
- Market Type: Buyer’s Market
- Months of Inventory: 7.28 (+5.97% Month Over Month)
- List-to-Sold Price Ratio: 97.5% (-0.12% Month Over Month)
- Median Days on Market: 54
- Median Sold Price: $370,000
💡 What It Means:
The 33993 area is firmly in a buyer’s market, with inventory steadily increasing, giving buyers more options to choose from. Sellers should note the slight dip in the list-to-sold price ratio, emphasizing the need for competitive pricing and standout marketing. With a median sold price of $370,000, this area presents opportunities for buyers to find homes at reasonable prices without the intense competition seen in hotter markets.
What this Means for Buyers and Sellers
For Buyers:
- Rising inventory means more options—act now before interest rates or buyer competition increases.
- Use this time to negotiate favorable terms while sellers are eager to close.
For Sellers:
- Homes priced right are still moving quickly. Take advantage of motivated buyers during the winter season.
- Focus on curb appeal and minor updates to stand out in a competitive market.
Closing Thoughts
Cape Coral’s real estate market is in an exciting place as we head into the new year. Balanced inventory, steady demand, and strong pricing trends make this a dynamic time for both buyers and sellers.
Whether you’re ready to make a move or just have questions about how these trends impact you, I’m here to help! Let’s navigate this market together and make 2024 your best year yet.
📞 Contact me today to start the conversation!