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 December 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 January 4th, 2022.
December saw every location around the county have less active listings to start of January than the month prior. Middle Township, Dennis Township, Upper Township, and Woodbine saw the largest drops in active listings. For sales the county largely stayed in-line with the previous month regarding volume & sale prices.
Cape May Area (including Cape May City – West Cape May – Cape May Point)
Active SFH Listings as of 1/04/22 – 15 (-3 vs. last month)
Median Days on Market – 52 Days (-27 Days vs. last month)
Median List Price – $1,499,000 (-$225,000 vs. last month)
Sold Properties in December – 25 (+0 vs. last month)
Median Days on Market – 115 Days (+2 days vs. last month)
Median Sale Price – $1,219,500 (+$46,000 vs. last month)
Lower Township
Active SFH Listings as of 1/04/22 – 56 (-4 vs. last month)
Median Days on Market – 48 Days (-18 days vs. last month)
Median List Price – $382,325 (-$4,550 vs. last month)
Sold Properties in December – 49 (-10 vs. last month)
Median Days on Market – 77 Days (+11 days vs. last month)
Median Sale Price – $325,000 (-$35,000 vs. last month)
Middle Township
Active SFH Listings as of 1/04/22 – 54 (-19 vs. last month)
Median Days on Market – 85 Days (-8 days vs. last month)
Median List Price – $377,000 (-$2,900 vs last month)
Sold Properties in December – 32 (+8 vs. last month)
Median Days on Market – 72 Days (+2 days vs. last month)
Median Sale Price – $299,000 (-$3,450 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 1/04/22 – 32 (-4 vs. last month)
Median Days on Market – 102 Days (+31 Days vs. last month)
Median List Price – $797,500 (+$248,050 vs. last month)
Sold Properties in December – 89 (+8 vs. last month)
Median Days on Market – 83 Days (+9 days vs. last month)
Median Sale Price – $475,000 (+$0 vs. last month)
Dennis Township – Upper Township – Woodbine
Active SFH Listings as of 1/04/22 – 39 (-25 vs. last month)
Median Days on Market – 95 Days (+28 days vs. last month)
Median List Price – $319,000 (-$45,450 vs. last month)
Sold Properties in December – 20 (-6 vs. last month)
Median Days on Market – 86 Days (+10 days vs. last month)
Median Sale Price – $282,500 (+$6,500 vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 1/04/22 – 33 (-2 vs. last month)
Median Days on Market – 90 Days (+19 days vs. last month)
Median List Price – $3,995,000 (+$100,000 vs. last month)
Sold Properties in December – 25 (-4 vs. last month)
Median Days on Market – 88 Days (-5 days vs. last month)
Median Sale Price – $2,410,000 (+$375,500 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 1/04/22 – 3 (-1 vs. last month)
Median Days on Market – 91 Days (-1 day vs. last month)
Median List Price – $4,500,000 (+$900,001 vs. last month)
Sold Properties in December – 19 (+1 vs. last month)
Median Days on Market – 86 Days (-18 days vs. last month)
Median Sale Price – $1,445,000 (-$5,000 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.
