Cape Coral Real Estate Market Update – November 2026

Welcome to your November 2026 real estate market update for Cape Coral, Florida! With over 400 miles of canals, Gulf access boating, waterfront living at every price point, and plenty of new construction, Cape Coral is one of the most popular places to live in Southwest Florida. Whether you are looking to buy, sell, or simply stay informed, here is a detailed look at how the market performed in October 2026.

Single Family Home Market Overview

The single-family home market in Cape Coral is currently in a balanced market, with months supply just under six:

*Median Sold Price - $390,508 (+5.0% year-over-year)
*Closed Sales - 392 homes sold 
*Median Days on Market - 38 days 
*Active Inventory - 2,303 homes 
*Months Supply of Inventory - 5.9 months (+1.9% year-over-year) 
*Sold-to-List Price Ratio - 97.1% 

What this means for you: Cape Coral single-family homes had a solid October. The median sold price rose 5% year over year to $390,508, and price per square foot was up over 3% from September. Homes are selling faster, with days on market down more than 22% compared to last year, and the sold-to-list ratio is a strong 97.1%. Closed sales were down almost 9% from last year, but inventory is down over 7%. New listings rose 17% from September as sellers get ready for season. This is a balanced market where well-priced homes are selling quickly and buyers still have good selection.

Condominium Market Overview

The condo market in Cape Coral is in a balanced market, with months supply around six:

*Median Sold Price - $172,000 (-10.6% year-over-year)
*Closed Sales - 49 condos sold 
*Median Days on Market - 23 days 
*Active Inventory - 301 condos 
*Months Supply of Inventory - 6.1 months (-45.3% year-over-year) 
*Sold-to-List Price Ratio - 94.6% 

What this means for you: Cape Coral condos saw a big jump in activity in October. Closed sales were up over 44% from last year and almost 26% from September, and days on market dropped nearly 70% year over year to a median of just 23 days. Inventory is down over 21% and months supply has been cut almost in half compared to last year. Prices are still adjusting, with the median sold price down about 11% to $172,000. Buyers are clearly coming back to the Cape Coral condo market, and well-priced units are moving fast.

Bottom Line

Cape Coral is showing a healthy, balanced single-family market with rising prices and faster sales, and a condo market that is improving quickly with stronger sales and much lower supply than a year ago. With canal homes, new construction, and a wide range of price points, Cape Coral remains one of the best opportunities in Southwest Florida.

If you have any questions about these numbers or want to know what your Cape Coral property is worth in today's market, I am here to help. Reach out anytime — I would love to walk you through the data and your options.