Cape May Real Estate Market Report – Cape May Area – June 2021

Market Report! Here’s a quick Real Estate market report for Cape May, West Cape May, and Cape May Point for the month of June. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of June 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 July 4th  2021.

Cape May

Active SFH Listings as of 07/04/21– 26 (-1 vs. last month)

Median Days on Market – 89 Days (-43 days vs. last month)

Median List Price – $1,600,000 (+$5,000 vs. last month)

 

Sold Properties in June – 21 (+5 vs. last month)

Median Days on Market – 89 Days (+29 days vs. last month)

Median Sale Price – $950,000 (+$107,500 vs. last month)

West Cape May

Active SFH Listings as of 07/04/21– 6 (+1 vs. last month)

Median Days on Market – 52 Days (+15 days vs. last month)

Median List Price – $1,024,950 (-$225,050 vs. last month)

 

Sold Properties in June – 5 (+4 vs. last month)

Median Days on Market – 85 Days (-14 days vs. last month)

Median Sale Price – $775,000 (+$40,000 vs. last month)

Cape May Point

Active SFH Listings as of 07/04/21– 6 (+4 vs. last month)

Median Days on Market – 31 Days  (-5 days vs. last month)

Median List Price – $909,450 (-$239,550 vs. last month)

 

Sold Properties in June – 1 (+0 vs. last month)

Median Days on Market – 70 Days (-16 Days vs. last month)

Median Sale Price – $810,000 (+$189,900 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.

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