Is Cocoa-Rockledge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cocoa-Rockledge has remained a Seller's Market.
Housing Prices in Cocoa-Rockledge, FL
How much do homes in Cocoa-Rockledge, FL cost?
Median Sold Price
$350,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cocoa-Rockledge was $350,000 in April 2024, up 0.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $170K | -5.6% |
2 Bedrooms | $242K | $242.2K | 0.1% |
3 Bedrooms | $334.5K | $339.9K | +1.6% |
4 Bedrooms | $404.7K | $399.9K | -1.2% |
5+ Bedrooms | $550K | $446K | -18.9% |
Summary: Cocoa-Rockledge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
Merritt Island | $465K | $474.9K | +2.1% |
East Orange | $520.5K | $530K | +1.8% |
Rockledge | $366.8K | $369.6K | +0.8% |
Cocoa-Rockledge | $348.4K | $350K | 0.5% |
Cocoa | $315.2K | $308K | -2.3% |
Housing Supply in Cocoa-Rockledge, FL
How many homes are available in Cocoa-Rockledge, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
888 | 916 | +3.2% |
Summary: The Cocoa-Rockledge real estate market had 916 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 20 | -13.0% |
2 Bedrooms | 120 | 133 | +10.8% |
3 Bedrooms | 460 | 447 | -2.8% |
4 Bedrooms | 229 | 258 | +12.7% |
5+ Bedrooms | 56 | 58 | +3.6% |
Summary: The Cocoa-Rockledge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
199 | 201 | +1.0% |
Asking Price vs. Sold Price
129 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 201 homes were sold or pending in Cocoa-Rockledge in April 2024, up by 1.0% month-over-month. Of the 201 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Cocoa-Rockledge, FL
How long does it take to sell a home in Cocoa-Rockledge, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 52 Days | +18.9% |
Summary: Homes in Cocoa-Rockledge had an average of 52 days on market in Apr 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During April 2024, 201 homes were sold in Cocoa-Rockledge; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.