January 2025 - Market Report Blog

Dated: February 20 2025

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This January 2025 Market Review for Cape Coral Single-Family Homes provides key insights into the real estate trends compared to both January 2024 and December 2024. Here's a breakdown of the key statistics:

Market Overview:

Median Sales Price: $375,000

🔻 Down 11.2% from January 2024

🔻 Down 1.8% from December 2024

Home prices have declined, indicating a potential buyer’s market where homes are selling for less than the previous year.

Closed Sales: 263

🔻 Down 5.4% from January 2024

🔻 Down 25.9% from December 2024

The number of homes sold has significantly decreased, suggesting lower demand or longer decision-making times among buyers.

Median Days on Market: 57

🔻 Up 14.1% from December 2024

Homes are taking longer to sell, reinforcing the possibility of a slower market where buyers have more negotiating power.

List Price Received: 96.5%

🔻 Down 4.7% from January 2024

🔻 Down 0.1% from December 2024

Sellers are receiving slightly less than their asking price, which may indicate price reductions to attract buyers.

Sold Price per Square Foot: $222

🔻 Down 4.7% from January 2024

🔻 Down 0.9% from December 2024

The price per square foot has slightly decreased, further confirming price adjustments in the market.

Inventory & New Listings:

New Listings: 1,104

🔼 Up 8.6% from January 2024

🔼 Up 48.8% from December 2024

More homes are being listed, which increases inventory and could drive more competition among sellers.

Active Inventory: 3,500

🔼 Up 22.5% from January 2024

🔼 Up 10.9% from December 2024

More homes are sitting on the market, giving buyers more choices and potentially leading to longer selling times.

Months Supply of Inventory: 13.3 months

🔼 Up 29.4% from January 2024

🔼 Up 49.7% from December 2024

A significant increase in supply, indicating a strong shift toward a buyer’s market, as there are far more homes available than being sold.

Key Takeaways:

Buyer’s Market: Prices are dropping, inventory is increasing, and homes are staying on the market longer.

More Listings: Sellers are still entering the market, but demand isn’t keeping pace with supply.

Negotiation Power: Buyers may have more room for negotiation on price and terms.

If you’re a buyer, this could be the perfect time to find great deals! If you’re a seller, strategic pricing and strong marketing will be key to attracting buyers in this shifting market.

Would you like a customized market analysis or guidance on buying/selling? Let’s connect! 📩🏡

Blog author image

Danielle Sharp

Full time REALTOR since 2002, I moved from the Detroit area to SWFL in 2007. Since 2011 I have been the broker/owner of Sharp Homes Realty, a small boutique brokerage based out of Cape Coral. We are f....

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