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 April 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 May 6th, 2022
Cape May Area (including Cape May City – West Cape May – Cape May Point)
Active SFH Listings as of 5/06/22 – 27 (+7 vs. last month)
Median Days on Market – 42 Days (+15 Days vs. last month)
Median List Price – $1,849,900 (+$125,900 vs. last month)
Sold Properties in April – 17 (-2 vs. last month)
Median Days on Market – 149 Days (+42 days vs. last month)
Median Sale Price – $996,774 (+$78,004 vs. last month)
Cape May
Active SFH Listings as of 5/06/22 – 19 (+7 vs. last month)
Median Days on Market – 31 Days (+10 days vs. last month)
Median List Price – $2,179,000 (+$184,000 vs. last month)
Sold Properties in April – 14 (-1 vs. last month)
Median Days on Market – 150 Days (+43 days vs. last month)
Median Sale Price – $1,148,387 (+$229,617 vs. last month)
West Cape May
Active SFH Listings as of 5/06/22 – 5 (-2 vs. last month)
Median Days on Market – 66 Days (+35 days vs. last month)
Median List Price – $799,000 (+$0 vs. last month)
Sold Properties in April – 3 (+0 vs. last month)
Median Days on Market – 70 Days (-110 days vs. last month)
Median Sale Price – $860,000 (+$0 vs. last month)
Cape May Point
Active SFH Listings as of 5/06/22 – 3 (+2 vs. last month)
Median Days on Market – 15 Days (-49 Days vs. last month)
Median List Price – $2,050,000 (+$200,000 vs. last month)
Sold Properties in April – 0 (-1 vs. last month)
Median Days on Market – N/A Days (17 Days in March)
Median Sale Price – N/A ($2,170,750 in March)
Lower Township
Active SFH Listings as of 5/06/22 – 69 (+19 vs. last month)
Median Days on Market – 23 Days (+6 days vs. last month)
Median List Price – $429,900 (-$15,000 vs. last month)
Sold Properties in April – 41 (+4 vs. last month)
Median Days on Market – 54 Days (-19 days vs. last month)
Median Sale Price – $317,500 (-$42,500 vs. last month)
Middle Township
Active SFH Listings as of 5/06/22 – 68 (+8 vs. last month)
Median Days on Market – 44 Days (-2 days vs. last month)
Median List Price – $442,450 (+$0 vs last month)
Sold Properties in April – 22 (-10 vs. last month)
Median Days on Market – 58 Days (+0 days vs. last month)
Median Sale Price – $362,500 (+$27,500 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 5/06/22 – 39 (+10 vs. last month)
Median Days on Market – 29 Days (-21 Days vs. last month)
Median List Price – $850,000 (-$49,900 vs. last month)
Sold Properties in April – 76 (-23 vs. last month)
Median Days on Market – 78 Days (-17 days vs. last month)
Median Sale Price – $467,500 (+$22,500 vs. last month)
Dennis Township – Upper Township – Woodbine
Active SFH Listings as of 5/06/22 – 35 (+13 vs. last month)
Median Days on Market – 24 Days (-39 days vs. last month)
Median List Price – $374,999 (+$101,349 vs. last month)
Sold Properties in April – 17 (-10 vs. last month)
Median Days on Market – 71 Days (-35 days vs. last month)
Median Sale Price – $240,000 (-$150,000 vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 5/06/22 – 44 (+16 vs. last month)
Median Days on Market – 33 Days (-6 days vs. last month)
Median List Price – $4,237,500 (-$657,500 vs. last month)
Sold Properties in April – 28 (+10 vs. last month)
Median Days on Market – 79 Days (+19 days vs. last month)
Median Sale Price – $1,687,500 (-$490,000 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 5/06/22 – 3 (-1 vs. last month)
Median Days on Market – 64 Days (+20 days vs. last month)
Median List Price – $2,595,000 (+$67,501 vs. last month)
Sold Properties in April – 22 (-1 vs. last month)
Median Days on Market – 87 Days (-52 days vs. last month)
Median Sale Price – $1,497,500 (-$2,500 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.
