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 November 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 December 3rd, 2021.
Cape May City
Active SFH Listings as of 12/03/21 – 14 (+1 vs. last month)
Median Days on Market – 104 Days (-10 days vs. last month)
Median List Price – $2,350,000 (+651,000 vs. last month)
Sold Properties in November – 23 (+5 vs. last month)
Median Days on Market – 80 Days (+15 days vs. last month)
Median Sale Price – $969,000 (+$291,550 vs. last month)
West Cape May
Active SFH Listings as of 12/03/21 – 4 (+0 vs. last month)
Median Days on Market – 169 Days (+28 days vs. last month)
Median List Price – $1,124,999 (+0 vs. last month)
Sold Properties in November – 1 (-1 vs. last month)
Median Days on Market – 232 Days (+141 days vs. last month)
Median Sale Price – $810,000 (+$47,500 vs. last month)
Cape May Point
Active SFH Listings as of 12/03/21 – 0 (1 in Oct)
Median Days on Market – 0 Days (99 Days in Oct)
Median List Price – $0 ($999,000 in Oct)
Sold Properties in November – 1 (+0 vs. last month)
Median Days on Market – 181 (+58 Days vs September)
Median Sale Price – 2,350,000 (+$1,235,000 vs September)
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.
