Cape May, NJ
Housing market overview · Updated weekly
$1.50Mmedian sale price
Homes sold
3
Last 12 weeks
Days on market
84
Average pace
Active listings
22
7.3 months supply
Sale-to-list
96.3%
Below asking
The Cape May housing market is currently classified as a buyer's market with a median sale price of $1.50M. Prices have risen 100.0% compared to last year, with homes spending an average of 84 days on market, indicating 7.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Cape May
There are currently 22 homes listed for sale in Cape May, New Jersey. The median listing price is $705K.
Active listings
22
Homes on market
Median list price
$705K
Avg. days on market
84
Days until sale
New this week
4
Newly listed
Explore nearby cities in NJ
Frequently asked questions
What is the average home price in Cape May?
The median home sale price in Cape May is $1.50M, up 100.0% from last year.
How long do homes stay on market in Cape May?
Homes typically spend 84 days on market before going under contract.
Is Cape May a buyer's or seller's market?
With 7.3 months of supply, Cape May is currently a buyer's market.
Get Cape May market alerts
Weekly updates on prices, inventory, and trends. Free forever.