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Featured local agent — Cape May Point, NJ
Sarah Mitchell
Compass Real Estate · Cape May Point, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cape May Point, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.97Mmedian sale price
How is the Cape May Point, NJ housing market right now?
The median home sale price in Cape May Point, NJ is $1.97M. Homes sell in an average of 69 days with 7 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cape May Point a buyer's or seller's market?
Cape May Point, NJ is currently a seller's market, based on 3.5 months of supply and homes selling in about 69 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
69
Average pace
Active listings
7
3.5 months supply
Sale-to-list
106.4%
Above asking
What does the Cape May Point housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.97M |
| Median list price | $1.50M |
| Average days on market | 69 days |
| Active inventory | 7 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 106.4% |
| Median price per sq ft | $908/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cape May Point by property type?
How the Cape May Point, 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 | $1.97M | $908/sq ft | 2 | 69 days |
| Condo / Co-op | $710,000 | $1,732/sq ft | 1 | 22 days |
| Townhouse | $850,000 | $644/sq ft | 1 | 135 days |
Source: Redfin · Updated monthly
The Cape May Point housing market is currently classified as a seller's market with a median sale price of $1.97M. Prices have fallen 0.0% compared to last year, with homes spending an average of 69 days on market, indicating 3.5 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 18.0x provides context for how home values compare to local earning capacity.
Homes for sale in Cape May Point
There are currently 7 homes listed for sale in Cape May Point, New Jersey. The median listing price is $1.5M.
Active listings
7
Homes on market
Median list price
$1.5M
Avg. days on market
69
Days until sale
New this week
1
Newly listed
Who lives in Cape May Point?
Population
155
Median income
$88,333/yr
Median age
70.9 years
Owner-occupied
100.0%
College grads
60.6%
Avg commute
17.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Cape May Point?
Zillow home value
$1.59M
Price-to-income
18.0x
Source: Zillow Research
What is it like to live in Cape May Point?
Cape May Point is a community of approximately 0K residents with a median age of 70.9 years.The median household income is $88,333, which reflects a relatively affluent area with strong earning potential. 60.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cape May Point offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cape May Point, NJ?
Want a head-to-head view? Compare Cape May Point 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 Point?
The median home sale price in Cape May Point is $1.97M, down 0.0% from last year.
How long do homes stay on market in Cape May Point?
Homes typically spend 69 days on market before going under contract.
What is the median income in Cape May Point?
The median household income is $88,333 per year.
Is Cape May Point a buyer's or seller's market?
With 3.5 months of supply, Cape May Point is currently a seller's market.
What is the Zillow home value estimate for Cape May Point?
The Zillow Home Value Index (ZHVI) for Cape May Point is $1.59M, representing the typical home value in the area.
What is the median condo price in Cape May Point?
The median condo/co-op sale price in Cape May Point, NJ is $710,000, compared to $1.97M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cape May Point?
The median single-family home price in Cape May Point, NJ is $1.97M (about $908 per square foot).
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