Housing Prices in Cape May, NJ

How much do homes in Cape May, NJ cost?

Median List Price

$609,900

$388/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

+$70,900(+13.2%)

Key Takeaway

The list price of homes in Cape May has increased by 13.2% since last year.

Summary: The median home list price in Cape May was $609,900 in April 2024, up 13.2% from the previous year, and the median price per square foot was $388.

Median List Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $529.4K$434.5K
-17.9%
3 $422.4K$609.9K
+44.4%
4 $745K$495.4K
-33.5%
5+ $2.8M$3.1M
+11.5%

Summary: Cape May housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 33.5%, and 5+ bedroom homes increased by 11.5%.

Median List Price Compared To Nearby Cities

Cape May
+13.2%
Lower Township
+4.2%

Housing Supply in Cape May, NJ

How many homes are available in Cape May, NJ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1916-15.8%

Summary: The Cape May real estate market had 16 homes for sale in April 2024, a 15.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 74
-42.9%
4 32
-33.3%
5+ 66
0.0%

Summary: The Cape May housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Days on Market for Cape May, NJ

How long does it take to sell a home in Cape May, NJ?

Average Listing Age

Apr 2023Apr 2024CHANGE
123 Days142 Days+15.1%

Summary: Homes in Cape May had an average listing age of 142 days in Apr 2024, up by 15.1% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Cape May, NJ

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