Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of July 2021 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of August 2nd 2021.
Cape May Area (including Cape May City – West Cape May – Cape May Point)
Active SFH Listings as of 08/02/21– 35 (-3 vs. last month)
Median Days on Market – 70 Days (-3 Days vs. last month)
Median List Price – $1,250,000 (-$149,999 vs. last month)
Sold Properties in July – 13 (-14 vs. last month)
Median Days on Market – 56 Days (-29 days vs. last month)
Median Sale Price – $769,000 (-$140,000 vs. last month)
Lower Township
Active SFH Listings as of 08/02/21– 97 (+22 vs. last month)
Median Days on Market – 41 Days (+1 day vs. last month)
Median List Price – $349,900 (+$4,900 vs. last month)
Sold Properties in July – 51 (-15 vs. last month)
Median Days on Market – 63 Days (+7 days vs. last month)
Median Sale Price – $324,000 (+$22,500 vs. last month)
Middle Township
Active SFH Listings as of 08/02/21– 84 (+5 vs. last month)
Median Days on Market – 43 Days (+4 days vs. last month)
Median List Price – $370,000 (+$10,000 vs last month)
Sold Properties in July – 46 (+6 vs. last month)
Median Days on Market – 63 Days (-22 days vs. last month)
Median Sale Price – $315,625 (+$53,125 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 08/02/21– 40 (+11 vs. last month)
Median Days on Market – 53 Days (-9 Days vs. last month)
Median List Price – $627,500 (-$2,500 vs. last month)
Sold Properties in July – 62 (-19 vs. last month)
Median Days on Market – 55 Days (+8 days vs. last month)
Median Sale Price – $449,500 (+$50,500 vs. last month)
Dennis Township – Upper Township – Woodbine
Active SFH Listings as of 08/02/21– 53 (+15 vs. last month)
Median Days on Market – 35 Days (-17 days vs. last month)
Median List Price – $346,500 (+$27,500 vs. last month)
Sold Properties in July – 22 (-4 vs. last month)
Median Days on Market – 72 Days (-24 Days vs. last month)
Median Sale Price – $175,950 (-123,950vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 08/02/21– 48 (+2 vs. last month)
Median Days on Market – 83 Days (+14 days vs. last month)
Median List Price – $4,225,000 (+$500 vs. last month)
Sold Properties in July – 17 (+3 vs. last month)
Median Days on Market – 71 Days (-4 days vs. last month)
Median Sale Price – $1,453,000 (-$1,382,000 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 08/02/21– 5 (-4 vs. last month)
Median Days on Market – 118 Days (+28 days vs. last month)
Median List Price – $2,499,000 (+$549,000 vs. last month)
Sold Properties in June – 17 (-9 vs. last month)
Median Days on Market – 93 Days (+30 days vs. last month)
Median Sale Price – $1,300,000 (+25,050 vs. last month)
Are you looking to sell your property. Or are you curious about what it’s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-property
This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.
