Real Estate Market Report – August 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of August 2020. Included is new listings, sold properties, and total active listings at the end of the month.

Cape May + West Cape May + Cape May Point

40 Total Active Listings as of August 31st (Same vs last month)

Median Price of $971,450

Median Days on market = 49 Days

 

22 New Listings (-7 vs last month)

Median Price of $737,000

 

30 Sold Houses (+15 vs last month)

Median Price of $797,750

 

 

Lower Township Area

94 Active Listings as of August 31st (-3 vs last month)

Median Price of $299,900

Median Days on Market = 31

 

57 New Listings (+5 vs last month)

Median Price of $349,000

 

67 Sold Houses (-2 vs last month)

Avg Price of $253,000

 

 

Middle Township Area

105 Total Active Listings as of August 31st (-2 vs last month)

Median Price of $289,950

Median Days on Market = 69 Days

 

51 new Listings (+14vs last month)

Median Price of $259,900

 

50 Sold Houses (+10 vs last month)

Avg Price of $201,250

 

Wildwoods

44 Total Active Listings as of August 31st (same vs. last month)

Median Price of $524,900

Median Days on Market = 87 Days

 

93 New Listings (+8 vs last month)

Median Price of $339,000

 

126 Sold Houses (-4 vs last month)

Median Price of $327,750

 

Upper & Dennis & Woodbine Areas

69 Total Active Listings as of August 31st(-2 vs last month)

Median Price of $299,000

Median Days on Market = 119 Days

 

27 New Listings (+4 vs last month)

Median Price of $199,800

 

18 Sold Houses (-12 vs last month)

Median Price of $179,000

 

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.