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Featured local agent — Cape May, NJ
Sarah Mitchell
Compass Real Estate · Cape May, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cape May, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.10Mmedian sale price
How is the Cape May, NJ housing market right now?
The median home sale price in Cape May, NJ is $2.10M, up 43.6% year-over-year. Homes sell in an average of 22 days with 25 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cape May a buyer's or seller's market?
Cape May, NJ is currently a balanced market, based on 25.0 months of supply and homes selling in about 22 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
22
Average pace
Active listings
25
25.0 months supply
Sale-to-list
105.0%
Above asking
What does the Cape May housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.10M |
| Median list price | $1.17M |
| Year-over-year price change | +43.6% |
| Average days on market | 22 days |
| Active inventory | 25 listings |
| Months of supply | 25.0 months |
| Sale-to-list price ratio | 105.0% |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 4 |
| Listings with a price cut | 36.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cape May by property type?
How the Cape May, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.75M | $1,149/sq ft | 4 | 46 days |
| Condo / Co-op | $999,000 | $1,173/sq ft | 1 | 2 days |
| Townhouse | $1.05M | $685/sq ft | 1 | 414 days |
Source: Redfin · Updated monthly
The Cape May housing market is currently classified as a balanced market with a median sale price of $2.10M. Prices have risen 43.6% compared to last year, with homes spending an average of 22 days on market, indicating 25.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 13.0x provides context for how home values compare to local earning capacity.
Homes for sale in Cape May
There are currently 25 homes listed for sale in Cape May, New Jersey. The median listing price is $1.2M.
Active listings
25
Homes on market
Median list price
$1.2M
Avg. days on market
22
Days until sale
New this week
4
Newly listed
Who lives in Cape May?
Population
2,789
Median income
$57,230/yr
Median age
54.4 years
Owner-occupied
63.0%
College grads
50.0%
Avg commute
17.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Cape May?
Zillow home value
$745,559
Price-to-income
13.0x
Source: Zillow Research
What is it like to live in Cape May?
Cape May is a community of approximately 3K residents with a median age of 54.4 years.The median household income is $57,230, which represents a working-class community with solid middle-income opportunities. 50.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.0%, showing a blend of owner and renter-occupied properties. The average commute time is 17.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cape May offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cape May?
6 schools tracked · 2,433 students
The largest public schools serving Cape May, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lower Cape May Regional High School
Grades 9-12 · 723 students
Carl T. Mitnick School
Grades 1-2 · 453 students
Richard M. Teitelman Middle School
Grades 7-8 · 404 students
Maud Abrams School
Grades 3-4 · 361 students
Sandman Consolidated School
Grades 5-6 · 334 students
Cape May City Elementary School
Grades PK-6 · 158 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cape May, NJ?
Want a head-to-head view? Compare Cape May side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cape May?
The median home sale price in Cape May is $2.10M, up 43.6% from last year.
How long do homes stay on market in Cape May?
Homes typically spend 22 days on market before going under contract.
What is the median income in Cape May?
The median household income is $57,230 per year.
Is Cape May a buyer's or seller's market?
With 25.0 months of supply, Cape May is currently a balanced market.
What is the Zillow home value estimate for Cape May?
The Zillow Home Value Index (ZHVI) for Cape May is $745,559, representing the typical home value in the area.
What is the median condo price in Cape May?
The median condo/co-op sale price in Cape May, NJ is $999,000, compared to $1.75M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cape May?
The median single-family home price in Cape May, NJ is $1.75M (about $1,149 per square foot).
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