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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $529.4K | $434.5K | -17.9% |
3 Bedrooms | $422.4K | $609.9K | +44.4% |
4 Bedrooms | $745K | $495.4K | -33.5% |
5+ Bedrooms | $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 | $539K | $609.9K | +13.2% |
Lower Township | $412.4K | $429.9K | +4.2% |
Housing Supply in Cape May, NJ
How many homes are available in Cape May, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 16 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 6 | 6 | 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 2023 | Apr 2024 | CHANGE |
---|---|---|
123 Days | 142 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.