Cape Coral, FL housing market

The median sale price in Cape Coral, FL was $370K in May 2026, up 2.0% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $362K, holding steady against $363K across the three months before that. That puts prices 17.0% below the strongest three-month stretch on record here, which ended in Jun 2022 at $436K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $337K for Jun 2026, down 6.0% year over year.

Buyers had 2,590 homes to choose from in May 2026, down 28.5% year over year (Redfin). At the current sales pace that standing inventory works out to 4.8 months of supply; convention treats four to six months as a balanced market, which puts Cape Coral, FL squarely inside it. 663 homes came to market in May 2026, down 11.4% year over year, against 538 closings, down 11.7% year over year. Homes that sold in May 2026 took a median of 56 days to go under contract, 7 days slower than this market's usual May pace.

Competition is measurable in the closings themselves: 12% settled above asking, and the average sale landed at 97% of its final list price. 36% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Cape Coral, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.