33924
Cape Coral, Florida
Cape Coral 33924 needs watching.
The 33924 ZIP code in Cape Coral, Florida has a median sale price of $905K, down -44.4% year-over-year. Homes spend an average of 45 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33924.
The 33924 Cape Coral market shows significant price compression with the median sale price at $905,000, down 44.4% year-over-year as of February 2026. Properties are moving in 45 days on average, indicating moderate absorption despite the sharp price correction. Notably, zero homes are selling above list price, signaling that sellers have lost pricing power and buyers maintain full negotiating leverage in this segment of the Cape Coral waterfront corridor.
This environment favors cash-position buyers and value investors who can capitalize on the 44% discount from 2025 pricing peaks. Sellers face unfavorable conditions with no bidding competition and extended negotiation periods that push final prices below ask. The 45-day marketing window combined with 0% above-list closings means opportunistic purchasers can submit below-ask offers with reasonable acceptance probability, particularly on properties that have sat beyond the median DOM threshold.
The PropIQ score of 41/100 suggests deteriorating fundamentals that warrant caution before deploying capital in this ZIP code. This rating indicates potential for further price discovery to the downside, particularly if inventory continues accumulating without corresponding buyer demand. Monitor month-over-month listing growth and whether DOM extends beyond 60 days, which would confirm a buyer's market deepening and potentially signal another 10-15% price adjustment before stabilization occurs in subsequent quarters.
What is the median home price in 33924 Cape Coral?
The median sale price in 33924 is $905K, down -44.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cape Coral 33924?
Homes in 33924 Cape Coral spend an average of 45 days on market before going under contract.
Is Cape Coral 33924 a good place to invest in real estate?
Folio's PropIQ™ score for 33924 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 33924?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 41 = Caution in 33924 Cape Coral, Florida.