Cape May Real Estate Market Report – November 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 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.

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