Cape Coral Real Estate Market Update – October 2026

Welcome to your October 2026 real estate market update for Cape Coral, Florida! With over 400 miles of canals, Gulf access boating, and a growing list of amenities, Cape Coral continues to be 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 September 2026.

Single Family Home Market Overview

The single-family home market in Cape Coral is currently in a balanced market, with months supply around five and a half:

*Median Sold Price - $380,000 (+4.1% year-over-year)
*Closed Sales - 386 homes sold 
*Median Days on Market - 40 days 
*Active Inventory - 2,148 homes 
*Months Supply of Inventory - 5.6 months (-6.3% year-over-year) 
*Sold-to-List Price Ratio - 97.1% 

What this means for you: Cape Coral single-family homes are holding steady. The median sold price is up 4.1% year over year, and homes are selling about a third faster than last September. Inventory is down over 11% compared to last year, while closed sales dipped slightly. The sold-to-list ratio of 97.1% shows that well-priced homes are getting close to asking. Buyers still have a good selection, and sellers who price correctly are seeing solid results.

Condominium Market Overview

The condo market in Cape Coral is in a buyer's market, with months supply just over seven:

*Median Sold Price - $217,250 (+8.6% year-over-year)
*Closed Sales - 38 condos sold 
*Median Days on Market - 58 days 
*Active Inventory - 268 condos 
*Months Supply of Inventory - 7.1 months (-18.2% year-over-year) 
*Sold-to-List Price Ratio - 93.2% 

What this means for you: Cape Coral condos showed some encouraging signs in September. The median sold price rose 8.6% year over year and price per square foot was up nearly 13%. Inventory is down 26% from last year, and months supply has dropped more than 18%. Sales volume was a bit lower and homes are taking slightly longer to sell, so buyers still have negotiating room, but the condo market is clearly more balanced than it was a year ago.

Bottom Line

Cape Coral continues to show stability across both segments. Single-family homes are seeing modest price gains and faster sales, while the condo market is tightening as inventory comes down. Whether you are buying your first home or a waterfront property, Cape Coral offers plenty of opportunity heading into season.

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.