33928
Cape Coral, Florida
Cape Coral 33928 needs watching.
The 33928 ZIP code in Cape Coral, Florida has a median sale price of $497K, down -13.5% year-over-year. Homes spend an average of 76 days on market, with 2% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33928.
Cape Coral's 33928 ZIP code shows a median sale price of $497,250, down 13.5% year-over-year, signaling a substantial correction from previous highs. Homes are averaging 76 days on market, well above the 30-45 day range typical of balanced Florida markets. Only 2% of properties are closing above asking price, indicating minimal competition and a clear shift toward buyer leverage in negotiations.
This environment favors cash buyers and patient purchasers willing to negotiate aggressively, as the 13.5% annual decline suggests motivated sellers. The extended 76-day marketing period gives buyers time for thorough due diligence without pressure. Current sellers face headwinds and should price below recent comparables; those without urgency may benefit from waiting for stabilization rather than accepting discounted offers in this weakened demand environment.
The PropIQ score of 45 signals continued caution, suggesting further price softening or prolonged stagnation is more probable than near-term appreciation. Inventory absorption rates and days-on-market trends warrant close monitoring through Q2 2026 to identify stabilization signals. Unless DOM decreases below 60 days or above-list closings exceed 10%, the data supports expectations of continued buyer advantage with limited upward price pressure through mid-year.
What is the median home price in 33928 Cape Coral?
The median sale price in 33928 is $497K, down -13.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cape Coral 33928?
Homes in 33928 Cape Coral spend an average of 76 days on market before going under contract.
Is Cape Coral 33928 a good place to invest in real estate?
Folio's PropIQ™ score for 33928 is 45/100 — a Caution signal. 2% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 33928?
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 45 = Caution in 33928 Cape Coral, Florida.