Cape Coral Housing Market

Cape Coral homes that sold in October spent a median 45 days on market, down from 62

Homes that sold in October 2026 spent a median 45 days on market, against 62 days for homes that sold in October 2025 and 48 days in September. Days on market has been below last year for 10 months in a row. It rose from September to October in each of the five years from 2021 through 2025, so this year’s drop runs against that pattern. Days on market runs from the date a listing goes live to the date a contract is accepted. These figures describe homes that sold, so they do not predict how long every home for sale today will take.

Over the 120 days through November 5, homes that sold after relisting spent a median 224 days listed across their attempts, compared with 52 days for first-listing sales. See Re-list rate for the full comparison.

Closing comes after the contract

A financed sale often takes about four to six weeks to close after a contract is accepted. A cash sale can close faster. Inspections, insurance, association approvals and the appraisal can all move the date.

Cape Coral days on market over the last 13 months

The monthly series covers homes that closed in each month.

Definitions and methodology: Days on market explained. Selling timeline guide.

21.1% of Cape Coral homes for sale had been listed before in the past year

The Re-list Rate is the share of homes for sale with an expired, withdrawn or terminated listing at the same address in the past 12 months. A sale in between starts a new owner’s history, so it does not count. As of November 5, 2026, 550 of 2,601 Cape Coral homes for sale, or 21.1%, had been listed before. Of those, 53.8% came back at least 3% below their earlier asking price.

Over the 120 days through November 5, homes that sold on their first listing took a median 52 days to go under contract. Homes that sold only after being relisted spent a median 224 days listed in total, and the typical one sold for $39,000 less than its first asking price. The two groups differ in price, condition and seller circumstances, so the data does not show that relisting caused the longer sale or the lower price.

Definitions and methodology: Why homes get relisted.

Cape Coral sellers received a median 97.7% of their final asking price

Sellers received a median 97.7% of their final asking price in October 2026, up from 97.1% a year earlier and 97.4% in September. In each of the five years from 2021 through 2025 this ratio moved less than one point from September to October. It uses the asking price in place when the contract was signed, so earlier price cuts are not counted. It describes the market as a whole and is not a target for your offer.

Single-family sellers received a median 98.0%, up from 97.3% a year earlier. Condo sellers received 95.8%, on 39 sales.

From $400,000 to $750,000, Cape Coral listings are asking less per square foot than recent buyers paid

The Ask-Bid Gap compares what sellers are asking per square foot with what buyers paid per square foot over the last 120 days. A gap of 10% means sellers are asking 10% more per square foot than buyers have paid. The citywide gap was 5.7%.

A reading below zero means listings in that range are asking less per square foot than buyers paid over the last 120 days. The $400,000 to $750,000 range read below zero in both September and October. In any range, check comparable closings before using nearby asking prices as your pricing guide.

Definitions and methodology: Sale-to-list ratio explained.

Cape Coral sale prices: the single-family median is 5.2% above last year, the seventh month in a row

Single-family homes, about nine in ten Cape Coral sales, sold for a median $391,508 in October, up 5.2% from $372,000 a year earlier, and $223 per square foot, up 1.8%. The single-family median has been above last year for seven months in a row. Condos are a small part of the Cape Coral market, 39 of 456 October sales, so their monthly median moves a lot. In October it was $170,000, down 2.9% from a year earlier.

Across all home types, the median sale price in the Cape Coral housing market was $372,000 in October, up 2.6% from $362,450 in September and 2.5% above $363,000 a year earlier. The all-homes median has been above last year for six months in a row, May through October.

The median rose from September to October in four of the five years from 2021 through 2025, and the median change across all five was a 2.3% increase. This October’s 2.6% rise is close to that. The comparison alone cannot tell how much of the rise came from the time of year and how much from the mix of homes that sold.

Price per square foot was $215, the same as a year earlier. It read above last year in June, July and August and below it in September.

MLS records show 456 October closings as of November 5, up 4.1% from September. Closings fell from September to October in four of the five years from 2021 through 2025. Over the last 12 months Cape Coral recorded 5,956 closings, 8.1% more than in the 12 months before.

MLS records show 100 Cape Coral closings classified as short sales or foreclosures from January through October 2026, about 2.0% of all closings, compared with 49, about 1.0%, in the same months of 2025. These counts cover completed sales only. They leave out foreclosure filings and late mortgage payments.

Cape Coral market by property type, October 2026

Source: FGCMLS via Stellar MLS, InfoSparks property types. Townhouses, manufactured homes and other home types count only in All homes.

The chart above shows the monthly history since January 2021.

Definitions and methodology: Median sale price vs. price per square foot.

Of 2,601 Cape Coral listings, 1,838 passed Worthington’s Competitive Inventory screen

Active listings in the Cape Coral housing market came in at 2,593, up 3.1% from September and 15.8% below a year earlier. Homes for sale have been below last year for 15 months in a row. They rose from September to October in three of the five years from 2021 through 2025 and held level in a fourth, and the median change across all five was a 2.3% increase. Sellers added 762 new listings in October, 12.7% more than in September and 5.5% fewer than a year earlier.

October inventory rose each year from 837 homes in 2021 to 3,273 in 2024. It fell to 3,078 in October 2025 and to 2,593 this October. Months of supply was 5.2, down from 6.6 a year earlier. Published months of supply counts every listing against the average monthly pending sales of the last 12 months. There were 2,292 single-family homes for sale, with 5.1 months of supply, down from 6.3 a year earlier. There were 274 condos for sale, with 6.3 months of supply, down from 10.1.

Worthington’s Competitive Inventory looks past the total count. Of the listings in our November 5 count, about 510 had been on the market 180 days or more. About 250 more came back after an earlier listing at nearly the same price, less than 3% lower. Buyers can still choose any of them. The screen leaves them out because of how long they have been listed or how little their price came down.

Definitions and methodology: Months of supply explained, Competitive Inventory methodology.

Cape Coral buyers signed 388 contracts in October, down 6.5% from a year earlier

Pending sales came in at 388, down 14.2% from September’s 452 and 6.5% below 415 a year earlier. Contracts have fallen each month since March’s 674. They fell from September to October in three of the five years from 2021 through 2025, and the median change across all five was a 7.8% decline, so this October’s drop was larger than usual. From 2021 through 2025, Cape Coral contracts were usually lowest from September through December and highest from February through April.

By home type, single-family contracts fell 6.9% from a year earlier, to 351. Buyers signed 31 condo contracts, against 28.

Cape Coral listings averaged 4.2 showings in October, up from 3.5 a year earlier. Showings per listing have been above last year for 15 months in a row. Homes that went under contract had a median 8 showings beforehand, against 6 a year earlier.

The 494 homes under contract on November 5 counts every pending home with a contract signed in the last 120 days. It is a point-in-time count, not the number of contracts signed in October. Measured against the 2,601 listings in our November 5 count, that is a pending-to-active ratio of 19.0%, or about 19 homes under contract for every 100 for sale.

Showing figures come from ShowingTime data in InfoSparks (FGCMLS via Stellar MLS) and cover listings that use the showing service.

Definitions and methodology: Pending sales explained.

A home at the Cape Coral all-homes median costs an estimated $255 more a month

Both the median and the mortgage rate rose over the year.

Cape Coral vs. Southwest Florida, October 2026

Cape Coral recorded a $372,000 all-homes median across 456 October closings. Each row compares a city with its own figures from October 2025.

All year-over-year columns compare against October 2025. Tap any city to open its market page.

Swipe to compare all metrics →

Source: FGCMLS via Stellar MLS, MLS records available as of November 5, 2026. Prices are single-month medians. SW Florida covers the full FGCMLS footprint, not an average of the five cities.

November’s Cape Coral single-family median will be measured against last year’s $384,000

• Median priceNovember 2025’s single-family median was $384,000. A November single-family median above that would make eight months in a row above last year. Across all home types the November 2025 median was $373,250.
• ShowingsNovember 2025 averaged 3.9 showings per listing. A higher reading would make 16 months in a row above last year.

These are the readings we will check when November data comes in. They are not forecasts.