Cape May Real Estate Market Report – December 2021

Market Report! Here’s a quick Real Estate market report of Cape May City, West Cape May, and Cape May Point. 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.

In the month of December the City of Cape May saw the number of properties selling drop compared to Cape May Point & West Cape May which saw numbers rise. To begin new New Year the number of active single family home properties remains extremely low across the Cape May Area & market values remain at all time highs.

Cape May

Active SFH Listings as of 1/04/22 – 9 (-5 vs. last month)

Median Days on Market – 55 Days (-49 days vs. last month)

Median List Price – $1,749,000 (-$601,000 vs. last month)

Sold Properties in December – 16 (-7 vs. last month)

Median Days on Market – 92 Days (+12 days vs. last month)

Median Sale Price – $1,435,000 (-$58,755 vs. last month)

West Cape May

Active SFH Listings as of 1/04/22 – 5 (+1 vs. last month)

Median Days on Market – 142 Days (-27 days vs. last month)

Median List Price – $1,250,000 (+$115,001 vs. last month)

Sold Properties in December – 4 (+3 vs. last month)

Median Days on Market – 196 Days (-36 days vs. last month)

Median Sale Price – $1,074,000 (+$264,000 vs. last month)

Cape May Point

Active SFH Listings as of 1/04/22 – 1 (+1 vs. last month)

Median Days on Market – 29 Days (-70 Days vs. Oct)

Median List Price – $1,499,900 (+$500,900 vs. Oct)

Sold Properties in December – 4 (+3 vs. last month)

Median Days on Market – 124 (-56 Days vs last month)

Median Sale Price – $1,582,500 (-$767,500 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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