Is Cape May Court House, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cape May Court House was a Seller's Market.
Key Takeaway
Cape May Court House is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cape May Court House, NJ
How much do homes in Cape May Court House, NJ cost?
Median Sold Price
$369,995
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cape May Court House have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in Cape May Court House was $369,995 in April 2024, down 13.5% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.4K | $170K | +28.4% |
| 2 Bedrooms | $295K | $295K | 0.0% |
| 3 Bedrooms | $435K | $370K | -14.9% |
| 4 Bedrooms | $432.5K | $460K | +6.4% |
| 5+ Bedrooms | $800K | $740K | -7.5% |
Summary: Cape May Court House housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Middle Township | $359.9K | $369.9K | +2.8% |
| Cape May Court House | $427.5K | $369.9K | -13.5% |
Housing Supply in Cape May Court House, NJ
How many homes are available in Cape May Court House, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The Cape May Court House real estate market had 26 homes for sale in April 2024, a 16.1% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Cape May Court House 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 decreased by 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cape May Court House, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cape May Court House in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cape May Court House, NJ
How long does it take to sell a home in Cape May Court House, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 46 Days | +100.7% |
Summary: Homes in Cape May Court House had an average of 46 days on market in Apr 2024, up by 100.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cape May Court House are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Cape May Court House; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.