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Cape Coral Market Report · September 2026

Cape Coral Showings in September 2026

Preliminary reportData pulled October 1, 2026

At a glance

Cape Coral listings drew 4.4 showings each in September 2026, the most for any September since 2022. With fewer homes for sale, buyer visits are spread across fewer listings.

Showings give an early read on buyer interest, often ahead of contracts and prices. Cape Coral buyer traffic stayed strong as the number of homes for sale fell for a seventh month. For the regional picture, see the September 2026 Southwest Florida pending sales report.

Median sold price$367,000↑ 3.4% vs. September 2025
Price per sq. ft.$212↓ 1.4% vs. September 2025
Active listings2,439↓ 19.0% vs. September 2025
Months of supply4.8↓ 1.8 months vs. September 2025

September's InfoSparks figures from the Florida Gulf Coast MLS (FGCMLS via Stellar MLS) are preliminary. We will update this report following the October 10 data pull and revise any affected comparisons or conclusions. Matrix listing counts and property histories reflect the October 1 snapshot. MLS records can change as more information is reported, so comparisons use the latest records and earlier months can differ from figures published before.

Key Takeaways

  • Cape Coral listings averaged 4.4 showings in September 2026, up 25.7% year over year and above last year for 14 months in a row.
  • Pending sales reached 467, up 3.8% from 450 a year earlier.
  • Active listings fell to 2,439, down 19.0% year over year and lower in each of the last seven months.
  • The median sale price was $367,000, up 3.4% and above last year for a fifth month in a row. Price per square foot came in at $212, down 1.4%.
  • Homes sold in a median 47 days, down from 60 a year earlier, and sellers received 97.4% of their most recent asking price.

Cape Coral Showings Show Where Buyer Interest Starts

A showing is a scheduled visit to a listed home. Showings per listing divides those visits by the number of homes for sale, so it measures how much attention the average listing receives. It often moves before contracts do, though the monthly series does not always turn first.

Cape Coral listings averaged 4.4 showings in September 2026, up from 3.5 in September 2025. Showings per listing has been above last year for 14 months in a row through September. Every month of 2026 has come in at 4.2 or higher.

September is usually a quiet month for showings here. The September reading was 3.4 in 2023, 3.3 in 2024 and 3.5 in 2025. This year's 4.4 is the highest September figure since 2022.

The median listing needed eight showings to reach a contract, the same as a year earlier. Visits per listing rose while the number needed to reach a contract held steady.

For a seller, the average Cape Coral listing is drawing more visits than a year ago. Showings per listing also rise when fewer homes are for sale, so it measures the attention each home gets. The total number of buyers is a separate question.

Pending Sales Rose 3.8% Over September 2025

Pending sales count homes that went under contract during the month. Cape Coral recorded 467 in September 2026, up 3.8% from 450 a year earlier. Pending sales have been above last year in 10 of the last 12 months.

The count fell 2.7% from August's 480. Pending sales have fallen from August to September every year since 2021, so a dip at this time of year is common.

Closings Reflect Contracts From July and August

Cape Coral recorded 404 closed sales in September 2026, down 10.2% from 450 a year earlier. Dollar volume came in at $186.5 million, down 0.8%.

For a homeowner deciding whether to list this fall, the September showing and pending counts are the more current read on buyers.

Higher Mortgage Rates Raised the Payment on a Median-Priced Cape Coral Home

The 30-year fixed rate averaged 7.03% in the week of September 24, 2026, according to the Freddie Mac Primary Mortgage Market Survey. That compares with 6.66% in late August and 6.30% a year earlier. The October 1 survey reported 7.28%.

With 20% down on the September median of $367,000, a buyer would borrow $293,600. At 7.03%, principal and interest come to about $1,959 a month.

Est. monthly principal and interest

  • September 2026$1,959/mo$367,000 median at 7.03%
  • At last year’s rate$1,817/mo$367,000 median at 6.30%
  • September 2025$1,758/mo$355,000 median at 6.30%
  • At the October 1 rate$2,009/mo$367,000 median at 7.28%

Both the price and the rate rose over the year. The payment on a median-priced Cape Coral home is about $201 a month higher than for the median-priced home a year earlier.

These figures exclude property taxes, homeowners and flood insurance, and any association fees or special assessments. The survey average is not a rate quote available to any particular buyer, and cash purchases are not tied to a mortgage payment.

Cape Coral Active Listings Fell for the Seventh Month in a Row

Cape Coral had 2,439 active listings in September 2026, down 19.0% from 3,010 a year earlier. The count has fallen every month since February, when it stood at 3,254. It has been below last year for 14 months in a row through September.

New listings came in at 651, down 5.4% from 688 in September 2025. The active count falls through completed sales, expirations and withdrawals together, so a smaller pool reflects more than buyer activity alone.

Published months of supply was 4.8, down from 6.6 a year earlier and lower in each of the last seven months. The measure divides active listings by a 12-month sales pace. Four to six months is generally read as balanced, and 4.8 sits toward the lower end.

Homes sold in a median 47 days on market, down from 60 a year earlier. Days on market has been below last year for nine months in a row through September.

Cape Coral Prices Came In Above Last Year on the Median and Below on Price Per Square Foot

The Cape Coral median sale price was $367,000 in September 2026, up 3.4% from $355,000 a year earlier. The median has been above last year for five months in a row, May through September.

Price per square foot was $212, down 1.4% from $215 a year earlier. It came in at $222 in July and $220 in August. It had been above the year before from June through August.

Month Median Sale Price Price per Sq. Ft. Price per Sq. Ft. vs. Last Year
June 2026 $375,000 $219 +1.4%
July 2026 $389,950 $222 +3.7%
August 2026 $380,000 $220 +2.3%
September 2026 $367,000 $212 −1.4%

The two measures can move differently because price per square foot divides each sale price by the home's living area. When a month's closings include more large homes, the median can rise while the price per square foot falls. September's 3.6% drop in price per square foot from August was larger than any August-to-September move in the past five years.

September is one month below last year after three above it. Showings and contracts both remain above last year. The October reading will show whether September was a single soft month or the start of a lower stretch.

Sellers received a median 97.4% of their most recent asking price, up from 97.3% a year earlier. The sale-to-list ratio uses the list price in place at contract. It measures where closings landed across the city, and it is not a target for any individual offer.

First-Attempt and Relisted Homes Performed Differently

Across closings in the 120 days through October 1, 2026, Cape Coral homes that sold on their first listing attempt had a median 49 days on market. Homes that sold after relisting accumulated a median 224 days across their attempts. Those figures cover 1,699 and 302 closings respectively. The window had 2,011 closings in all. The other 10 sold on their first listing with no days on market recorded, so they are left out of the day counts. The 15.0% relisted share below is measured against all 2,011.

First-attempt homes sold at a median $379,700. Relisted homes opened at a median $442,000 and closed at a median $407,000, a median per-home difference of $34,900. Relisted homes made up 15.0% of closings in the window.

The two groups differ in price, property type, condition and seller circumstances. The figures show how each group performed, and they do not establish that relisting or the opening price caused the difference.

Cape Coral carried a Re-list Rate of 20.9%, up from 19.8% in August. That covers 510 of the 2,440 active listings in Worthington's address-matched export with an expired, withdrawn or terminated record at the same address in the past 12 months. Of those, 52.9% came back at least 3% below the prior asking price. The other 47.1% returned at the same price or with a smaller cut.

When a home returns to the MLS under a new listing, its days-on-market counter starts over at zero. A buyer should check a listing's full history before assuming it just came to market.

Cape Coral Competitive Inventory and Ask-Bid Gap

Competitive Inventory is Worthington's screening view of active listings. It counts homes listed fewer than 180 days, except relisted homes that came back less than 3% below their prior price. Buyers can still consider the homes it sets aside. It uses a three-month closing pace, while published months of supply uses all listings and a 12-month pace.

On Cape Coral's three-month pace of 480.0 closings a month, all 2,440 export listings read 5.1 months. Setting aside the 501 listings past the 180-day mark brings that to 4.0 months. Also setting aside relisted homes that came back less than 3% lower leaves 1,717 listings at 3.6 months.

The Ask-Bid Gap compares asking prices with recent sale prices, both per square foot. Cape Coral ran 5.4% citywide, with active listings asking $232.30 against $219.71 on closings over the past 120 days.

By price range, the reading was 5.5% under $400,000 and 5.5% from $750,000 to $1.5 million. Above $1.5 million it was 10.0%, on 81 active listings and 26 closings. From $400,000 to $750,000 it was -2.3%, meaning active listings in that range ask less per square foot than recent buyers paid. That range has read below zero for three months in a row.

The active and sold homes are different properties. They can differ in condition, location, age and finish. The reading is not an offer discount and does not predict any one home's price.

Core Market Metrics, September 2026

Read this city's figures against its own recent history. Figures are preliminary.

Small figures show the change from September 2025.

City Median Sold Price Median Price per Sq. Ft. Active Listings Months of Supply Sold-to-List Closed Sales YoY
Fort Myers $340,000−1.3% $197−3.4% 2,460−18.6% 5.3−27.4% 96.0% +1.7%
Cape Coral $367,000+3.4% $212−1.4% 2,439−19.0% 4.8−27.3% 97.4% −10.2%
Estero $475,000−12.8% $253−1.2% 456−30.2% 3.6−42.9% 96.8% −3.2%
Bonita Springs $575,000+3.6% $297−3.9% 715−24.8% 4.6−35.2% 95.4% −21.6%
Naples $599,000+5.1% $329+2.5% 3,916−20.3% 5.3−32.1% 95.7% −4.1%

Source: FGCMLS, pulled October 1, 2026 (preliminary). Single-month data unless otherwise noted. Sold-to-list uses most recent list price at time of contract.

Worthington Market Lens, September 2026

City Competitive Inventory (Months) Re-list Rate Ask-Bid Gap (PPSF%) Pending-to-Active Ratio First-Attempt Median DOM Median Total DOM After Relisting
Fort Myers 4.1 23.9% 7.0% 22.7% 66 days 245 days
Cape Coral 3.6 20.9% 5.4% 26.1% 49 days 224 days
Estero 3.2 25.0% 6.3% 31.6% 64 days 240 days
Bonita Springs 4.1 27.4% 18.5% 22.8% 86 days 231 days
Naples 4.0 25.5% 10.3% 20.8% 78 days 246 days

Source: FGCMLS (preliminary). Proprietary metrics use Worthington's address-matched property export, so active-listing denominators differ slightly from the published MLS counts in Table 1. Competitive Inventory MOI divides the filtered active-listing count by the city's total trailing-three-month closing pace. It is a supplemental indicator and is not calculated the same way as published MLS months of supply. Competitive Inventory uses a 180-day cutoff beginning with this report. Earlier reports used 90 days, so those figures should not be compared directly. This month, Pending-to-Active counts every home under contract on October 1, including contracts signed more than 120 days ago. We usually count only the past 120 days.

Frequently Asked Questions

Are buyers still looking at homes in Cape Coral?

Yes. Listings averaged 4.4 showings in September 2026, up 25.7% from a year earlier. Showings have been above last year for 14 months in a row through September.

Did Cape Coral home prices go up or down in September 2026?

The median sale price rose 3.4% to $367,000. Price per square foot fell 1.4% to $212, its first reading below last year since May.

How long did Cape Coral homes take to sell in September 2026?

The median was 47 days, down from 60 a year earlier. Over the past 120 days, first-attempt sales took a median 49 days and relisted homes 224 days across all attempts.

Is 4.8 months of supply a buyer's market or a seller's market?

Four to six months is generally read as balanced, and 4.8 sits toward the lower end. Conditions differ by price range.

Next month

What to Watch in Cape Coral in October

Price per square foot is the number to watch. It was $215 in October 2025. An October reading at or above that level would put September down as a single soft month. A second reading below last year would mark the start of a lower stretch.

Showings are the second measure. October 2025 averaged 3.5 showings per listing, and a reading above that would extend the run to 15 months.

A Cape Coral pricing decision still depends on the neighborhood, waterfront access, condition and closest comparable sales.

Worthington Realty

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All data referenced in Worthington's market reports draws from the Florida Gulf Coast MLS (FGCMLS via Stellar MLS) unless otherwise noted.

Explore All Six September 2026 Reports