Real Estate Market Report – Cape May County – August 2021

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 August 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 September 1st, 2021.

Cape May Area (including Cape May City – West Cape May – Cape May Point)

Active SFH Listings as of 09/01/21– 36 (+1 vs. last month)

Median Days on Market – 86 Days (+16 Days vs. last month)

Median List Price – $1,500,000 (+$250,000 vs. last month)

 

Sold Properties in August – 9 (-4 vs. last month)

Median Days on Market – 109 Days (+53 days vs. last month)

Median Sale Price – $894,900 (+$125,900 vs. last month)

Lower Township

Active SFH Listings as of 09/01/21– 94 (-3 vs. last month)

Median Days on Market – 46 Days (+5 days vs. last month)

Median List Price – $394,450 (+$44,550 vs. last month)

 

Sold Properties in August – 42 (-9 vs. last month)

Median Days on Market – 68 Days (+5 days vs. last month)

Median Sale Price – $341,500 (+$17,500 vs. last month)

Middle Township

Active SFH Listings as of 09/01/21– 80 (-4 vs. last month)

Median Days on Market – 59 Days (+16 days vs. last month)

Median List Price – $387,500 (+$17,500 vs last month)

 

Sold Properties in August – 29 (-17 vs. last month)

Median Days on Market – 79 Days (+16 days vs. last month)

Median Sale Price – $230,000 (-$85,625 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 09/01/21– 34 (-6 vs. last month)

Median Days on Market – 43 Days (-10 Days vs. last month)

Median List Price – $639,500 (+$12,000 vs. last month)

 

Sold Properties in August – 71 (+9 vs. last month)

Median Days on Market – 63 Days (+8 days vs. last month)

Median Sale Price – $410,000 (-$39,500 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 09/01/21– 68 (+15 vs. last month)

Median Days on Market – 37 Days (+2 days vs. last month)

Median List Price – $299,900 (-$46,600 vs. last month)

 

Sold Properties in August – 17 (-5 vs. last month)

Median Days on Market – 67 Days (-5 Days vs. last month)

Median Sale Price – $275,000 (+99,050 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 09/01/21– 41 (-7 vs. last month)

Median Days on Market – 111 Days (+28 days vs. last month)

Median List Price – $4,225,000 (+$500 vs. last month)

 

Sold Properties in August – 28 (+11 vs. last month)

Median Days on Market – 83 Days (+12 days vs. last month)

Median Sale Price – $2,310,000 (+857,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 09/01/21– 5 (+0 vs. last month)

Median Days on Market – 51 Days (-67 days vs. last month)

Median List Price – $1,575,000 (-$924,000 vs. last month)

 

Sold Properties in August – 8 (-9 vs. last month)

Median Days on Market – 83 Days (-10 days vs. last month)

Median Sale Price – $2,749,500 (+1,449,500 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.

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