33932
Cape Coral, Florida
Cape Coral 33932 needs watching.
The 33932 ZIP code in Cape Coral, Florida has a median sale price of $1.15M, down -23.3% year-over-year. Homes spend an average of 60 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33932.
The 33932 ZIP code in Cape Coral shows significant price compression, with the median sale price of $1,150,000 representing a 23.3% year-over-year decline. Properties average 60 days on market, and notably zero homes are selling above list price, indicating buyers hold negotiating leverage. This luxury-tier segment has moved from a seller's market into clear buyer territory, with price discovery still in progress as valuations reset from 2023 peaks.
Buyers with extended timelines and strong negotiating skills are positioned to capitalize, particularly those who can wait out inventory as sellers adjust expectations downward. Cash buyers and investors seeking luxury rental opportunities benefit most from the current 60-day DOM, which provides time for thorough due diligence without competitive pressure. Sellers face challenging conditions and should price aggressively below recent comps, as the 0% above-list metric shows the market penalizes optimistic pricing.
The PropIQ score of 27 signals caution, suggesting downward price pressure may persist through the next quarter. With no properties exceeding list price and the substantial annual decline, buyers should monitor inventory levels and days-on-market trends for signs of stabilization before prices find a floor. Sellers entering this market should expect extended timelines and prepare for below-asking offers as the repricing cycle continues.
What is the median home price in 33932 Cape Coral?
The median sale price in 33932 is $1.15M, down -23.3% year-over-year as of 2024-06-30.
How long do homes stay on the market in Cape Coral 33932?
Homes in 33932 Cape Coral spend an average of 60 days on market before going under contract.
Is Cape Coral 33932 a good place to invest in real estate?
Folio's PropIQ™ score for 33932 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 33932?
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 27 = Caution in 33932 Cape Coral, Florida.