Cape Coral-Fort Myers, FL housing market

The median sale price in the Cape Coral-Fort Myers, FL metro area was $360K in May 2026, down 2.2% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $362K, easing from $371K across the three months before that. That puts prices 13.5% below the strongest three-month stretch on record here, which ended in Jun 2022 at $418K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $338K for Jun 2026, down 6.4% year over year.

Buyers had 9,843 homes to choose from in May 2026, down 25.0% year over year (Redfin). At the current sales pace that standing inventory works out to 4.9 months of supply; convention treats four to six months as a balanced market, which puts Cape Coral-Fort Myers, FL squarely inside it. 2,090 homes came to market in May 2026, down 12.2% year over year, against 2,001 closings, essentially flat year over year. Homes that sold in May 2026 took a median of 67 days to go under contract, 16 days slower than this market's usual May pace.

Sellers were asking a median of $390K in Jul 2026, down 6.2% year over year (Realtor.com via FRED). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 10.8% above the closing median. Competition is measurable in the closings themselves: 9% settled above asking, and the average sale landed at 96% of its final list price. 31% of listings carried a price cut in May 2026.

This page tracks 18 monthly housing series for the Cape Coral-Fort Myers, FL metro area — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com via FRED, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.