Is Cape Coral, FL 33991 a buyer’s or seller’s market?

The Cape Coral housing market right now

In the three months ending August 31, 2026, 6% of homes in Cape Coral, FL 33991 sold above their list price, the typical home went under contract in 71 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 224 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (5% then), homes sold about as fast and the median sale price rose 5% to $419,818. Overall, Cape Coral is about as competitive as it was a year ago.

Within Lee County, homes here sell faster than in 72% of the county’s ZIP codes, and sell more often over asking than in 72%. On our competition score, Cape Coral ranks #435 of 796 FL ZIP codes with enough sales (score 18 out of 100).

Nearby, buyers who want less competition could look at Captiva 33924 (0% sold over asking) or Bokeelia 33922 (0% sold over asking), while Lehigh Acres 33976 (14% sold over asking) and Lehigh Acres 33971 (14% sold over asking) are even more competitive.