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 January 2022 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 February 5th, 2022.
Cape May
Active SFH Listings as of 2/05/22 – 9 (+0 vs. last month)
Median Days on Market – 80 Days (+25 days vs. last month)
Median List Price – $1,749,000 (+$0 vs. last month)
Sold Properties in January – 17 (+1 vs. last month)
Median Days on Market – 64 Days (-28 days vs. last month)
Median Sale Price – $1,075,000 (-$360,000 vs. last month)
West Cape May
Active SFH Listings as of 2/05/22 – 4 (-1 vs. last month)
Median Days on Market – 49 Days (-93 days vs. last month)
Median List Price – $924,500 (-$325,500 vs. last month)
Sold Properties in January – 7 (+3 vs. last month)
Median Days on Market – 81 Days (-115 days vs. last month)
Median Sale Price – $1,195,000 (+$121,000 vs. last month)
Cape May Point
Active SFH Listings as of 2/05/22 – 1 (+0 vs. last month)
Median Days on Market – 8 Days (-21 Days vs last month)
Median List Price – $1,850,000 (+$350,100 vs. last month)
Sold Properties in January – 0 (-4 vs. last month)
Median Days on Market – N/A (124 Days in Dec)
Median Sale Price – N/A ($1,582,500 in Dec)
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.
