Cape Coral Housing Market

Cape Coral homes that sold in September spent a median 48 days on market, down from 60

Homes that sold in September 2026 spent a median 48 days on market, against 60 days for homes that sold in September 2025. Days on market has been below last year for nine months in a row. It 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. Single-family homes that sold in September took a median 46 days, down from 60 a year earlier. Condos took 73 days, on 32 sales.

Over the 120 days through October 1, homes that sold on their first listing took a median 49 days to go under contract. Homes that sold only after being relisted spent a median 222 days listed in total. The typical relisted home sold for $34,950 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. How many homes for sale have been listed before is under Re-list rate.

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. The 49-day and 222-day figures come from Worthington’s address-matched MLS records for the 120 days through October 1, 2026.

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

20.9% 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The Re-list Rate is the share of homes for sale with an expired, withdrawn or terminated listing at the same address in the past 12 months.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 October 1, 2026, 509 of 2,440 Cape Coral homes for sale, or 20.9%, had been listed before. Of those, 53.0% came back at least 3% below their earlier asking price.

Over the 120 days through October 1, homes that sold on their first listing took a median 49 days to go under contract. Homes that sold only after being relisted spent a median 222 days listed in total, and the typical one sold for $34,950 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 97.4% of their final asking price

Sellers received a median 97.4% of their final asking price in September 2026, up from 97.3% a year earlier. The ratio 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 97.7%, up from 97.3% a year earlier. Condo sellers received 92.7%, on 32 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 5.9%.

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 has read below zero for three months in a row. In any range, check comparable closings before using nearby asking prices as your pricing guide.

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

The Cape Coral median is 2.8% above last year, the fifth month in a row

The median sale price in the Cape Coral housing market was $364,950 in September, up 2.8% from $355,000 a year earlier. It has been above last year for five months in a row, May through September.

Price per square foot went the other way. It was $212, 1.4% below last year, after $222 in July and $220 in August. The 3.6% drop from August was the largest August-to-September move in five years. When more large homes close in a month, the median can rise while price per square foot falls.

Single-family homes sold for a median $380,000, up 4.1% from $365,000 a year earlier, and $215 per square foot, down 1.8%. Condos are a small part of the Cape Coral market, 32 of 438 September sales, so their monthly median moves a lot. In September it was $225,000.

Cape Coral market by property type, September 2026

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

The five-year chart above shows the full monthly history.

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

Of 2,440 Cape Coral listings, 1,717 passed Worthington’s Competitive Inventory screen

Active listings in the Cape Coral housing market came in at 2,475, down 17.8% from a year earlier and lower in each of the last seven months. Sellers added 671 new listings in September, 2.5% fewer than a year earlier. Months of supply was 4.9, 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 2,194 single-family homes for sale, with 4.8 months of supply, down from 6.4 a year earlier. There were 252 condos for sale, with 5.8 months of supply, down from 10.0.

Worthington’s Competitive Inventory looks past the total count. Of the listings in our October 1 count, 501 had been on the market 180 days or more. About 220 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 465 contracts in September, up 3.3%

Pending sales came in at 465, up 3.3% from 450 a year earlier. They have been above last year in 10 of the last 12 months.

By home type, single-family contracts rose 1.4% from a year earlier, to 424. Buyers signed 36 condo contracts, against 27.

Cape Coral listings averaged 4.4 showings in September, up from 3.5 a year earlier and the most for any September since 2022. Showings per listing have been above last year for 14 months in a row. Part of the rise may come from having fewer homes for sale, which spreads buyer visits across fewer listings. Homes that went under contract had a median 7.5 showings beforehand, against 8 a year earlier.

The 636 homes under contract on October 1 is a point-in-time count of every pending home, not the number of contracts signed in September. Measured against the 2,440 listings in our October 1 count, that is a pending-to-active ratio of 26.1%, or about 26 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 median-priced Cape Coral home costs an estimated $190 more a month

Both the median and the mortgage rate rose over the year. At the October 8 rate of 7.40%, the payment would be $2,021.

Cape Coral vs. Southwest Florida, September 2026

Cape Coral recorded a $364,950 median across 438 September closings. Each row compares a city with its own figures from September 2025.

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

Swipe to compare all metrics →

Source: FGCMLS via Stellar MLS, data as of October 10, 2026. Prices are single-month medians. SW Florida covers the full FGCMLS footprint, not an average of the five cities.

October’s Cape Coral price per square foot will be measured against last year’s $215

• Price per square footIt was $215 in October 2025. A reading above that would put it back above last year.
• ShowingsOctober 2025 averaged 3.5 showings per listing. A higher reading would make 15 months in a row above last year.

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