Is Cocoa Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cocoa Beach was a Seller's Market.
Key Takeaway
Cocoa Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cocoa Beach, FL
How much do homes in Cocoa Beach, FL cost?
Median Sold Price
$505,666
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cocoa Beach have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Cocoa Beach was $505,666 in April 2024, up 6.5% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $237.5K | -2.1% |
| 2 Bedrooms | $379.9K | $390K | +2.7% |
| 3 Bedrooms | $637.4K | $672.5K | +5.5% |
| 4 Bedrooms | $877.5K | $1.0M | +14.0% |
| 5+ Bedrooms | $1.7M | $1.7M | 0.0% |
Summary: Cocoa Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 14%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cocoa Beach | $475K | $505.6K | +6.5% |
| Cocoa Beach-Cape Canaveral | $399.3K | $414.3K | +3.8% |
| Cape Canaveral | $344K | $350.6K | +1.9% |
Housing Supply in Cocoa Beach, FL
How many homes are available in Cocoa Beach, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 274 | 293 | +6.9% |
Summary: The Cocoa Beach real estate market had 293 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 26 | +8.3% |
| 2 Bedrooms | 124 | 132 | +6.5% |
| 3 Bedrooms | 83 | 87 | +4.8% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Cocoa Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 44 | -13.7% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cocoa Beach, you may be able to get a good deal. 79.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Cocoa Beach in April 2024, down by 13.7% month-over-month. Of the 44 sold homes, 80% were sold under asking, 18% were sold at asking, and 2% were sold over asking.
Days on Market for Cocoa Beach, FL
How long does it take to sell a home in Cocoa Beach, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 49 Days | -8.1% |
Summary: Homes in Cocoa Beach had an average of 49 days on market in Apr 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cocoa Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Cocoa Beach; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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