Market Report! Here’s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties in the month of February 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 February 28th, 2021.
Cape May Area (including Cape May City – West Cape May – Cape May Point)
Active SFH Listings as of 02/28/21– 44 (+2 vs. last month)
Median Days on Market – 110 Days (+2 Days vs. last month)
Median List Price – $1,612,500 (-$37,500 vs. last month)
Sold Properties in January – 18 (-4 vs. last month)
Median Days on Market – 143 Days (+31 days vs. last month)
Median Sale Price – $881,950 (+$176,550 vs. last month)
Lower Township
Active SFH Listings as of 02/28/21– 53 (-9 vs. last month)
Median Days on Market – 40 Days (+15 days vs. last month)
Median List Price – $369,900 (+$20,450 vs. last month)
Sold Properties in January – 33 (-5 vs. last month)
Median Days on Market – 69 Days (-7 days vs. last month)
Median Sale Price – $287,000 (-$83,000 vs. last month)
Middle Township
Active SFH Listings as of 02/28/21– 43 (-11 vs. last month)
Median Days on Market – 82 Days (-6 days vs. last month)
Median List Price – $399,750 (+$94,850 vs last month)
Sold Properties in January – 27 (+8 vs. last month)
Median Days on Market – 135 Days (+16 days vs. last month)
Median Sale Price – $210,000 (-$29,000 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 02/28/21– 39 (+4 vs. last month)
Median Days on Market – 38 Days (-36 Days vs. last month)
Median List Price – $750,000 (+$75,000 vs. last month)
Sold Properties in January – 70 (+1 vs. last month)
Median Days on Market – 96 Days (+10 days vs. last month)
Median Sale Price – $339,500 (-$23,000 vs. last month)
Dennis Township – Upper Township – Woodbine
Active SFH Listings as of 02/28/21– 38 (-10 vs. last month)
Median Days on Market – 96 Days (+13 days vs. last month)
Median List Price – $254,800 (-$12,650 vs. last month)
Sold Properties in January – 16 (+9 vs. last month)
Median Days on Market – 118 Days (-10 Days vs. last month)
Median Sale Price – $145,950 (-$174,000 vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 02/28/21– 42 (-3 vs. last month)
Median Days on Market – 146 Days (+25 days vs. last month)
Median List Price – $3,697,500 (+$302,500 vs. last month)
Sold Properties in January – 23 (-3 vs. last month)
Median Days on Market – 133 Days (-11 days vs. last month)
Median Sale Price – $2,150,000 (-$510,500 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 02/02/21– 2 (-3 vs. last month)
Median Days on Market – 13 Days (-105 days vs. last month)
Median List Price – $2,299,000 (-$51,000 vs. last month)
Sold Properties in January – 21 (+4 vs. last month)
Median Days on Market – 116 Days (+40 days vs. last month)
Median Sale Price – $982,000 (+$152,000 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.
