Real Estate Market Report – Cape May County – February 2022

It is market report time! Here’s a quick Real Estate market report of most of Cape May County and also a more in depth view focusing on Cape May, West Cape May, and Cape May Point. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of February 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 March 1st, 2022

Cape May

Active SFH Listings as of 3/01/22 – 7 (-2 vs. last month)

Median Days on Market – 103 Days (+23 days vs. last month)

Median List Price – $1,895,000 (+$146,000 vs. last month)

Sold Properties in February – 7 (-10 vs. last month)

Median Days on Market – 98 Days (+32 days vs. last month)

Median Sale Price – $725,000 (-$350,000 vs. last month)

West Cape May

Active SFH Listings as of 3/01/22 – 3 (-1 vs. last month)

Median Days on Market – 79 Days (+30 days vs. last month)

Median List Price – $899,000 (-$25,500 vs. last month)

Sold Properties in February – 1 (-6 vs. last month)

Median Days on Market – 310 Days (+229 days vs. last month)

Median Sale Price – $1,050,000 (-$145,000 vs. last month)

Cape May Point

Active SFH Listings as of 3/01/22 – 3 (+2 vs. last month)

Median Days on Market – 10 Days (+2 Days vs last month)

Median List Price – $1,850,000 (+$0 vs. last month)

Sold Properties in February – 0 (+0 vs. last month)

Median Days on Market – N/A (124 Days in Dec)

Median Sale Price – N/A ($1,582,500 in Dec)

Below, lets take a broader look across most of Cape May County for the month of February.

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

Active SFH Listings as of 3/01/22 – 13 (-1 vs. last month)

Median Days on Market – 34 Days (-15 Days vs. last month)

Median List Price – $1,750,000 (+$153,000 vs. last month)

Sold Properties in February – 8 (-16 vs. last month)

Median Days on Market – 112 Days (+41 days vs. last month)

Median Sale Price – $762,500 (-$372,500 vs. last month)

Lower Township

Active SFH Listings as of 3/01/22 – 44 (-2 vs. last month)

Median Days on Market – 36 Days (-15 days vs. last month)

Median List Price – $394,500 (+$50 vs. last month)

Sold Properties in February – 31 (+3 vs. last month)

Median Days on Market – 74 Days (-9 days vs. last month)

Median Sale Price – $333,000 (-$52,000 vs. last month)

Middle Township

Active SFH Listings as of 3/01/22 – 54 (+7 vs. last month)

Median Days on Market – 64 Days (-26 days vs. last month)

Median List Price – $384,450 (+$10,550 vs last month)

Sold Properties in February – 24 (+7 vs. last month)

Median Days on Market – 114 Days (+20 days vs. last month)

Median Sale Price – $342,000 (+$43,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 3/01/22 – 36 (+6 vs. last month)

Median Days on Market – 48 Days (-43 Days vs. last month)

Median List Price – $782,450 (-$87,049 vs. last month)

Sold Properties in February – 73 (+14 vs. last month)

Median Days on Market – 128 Days (+33 days vs. last month)

Median Sale Price – $380,000 (-$5,000 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 3/01/22 – 28 (+2 vs. last month)

Median Days on Market – 52 Days (-91 days vs. last month)

Median List Price – $344,950 (+$125,451 vs. last month)

Sold Properties in February – 13 (-4 vs. last month)

Median Days on Market – 86 Days (-1 day vs. last month)

Median Sale Price – $295,000 (+$44,000 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 3/01/22 – 22 (-5 vs. last month)

Median Days on Market – 135 Days (+16 days vs. last month)

Median List Price – $4,897,500 (+$2,500 vs. last month)

Sold Properties in February – 18 (-6 vs. last month)

Median Days on Market – 94 Days (-6 days vs. last month)

Median Sale Price – $2,162,500 (-$210,000 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 3/01/22 – 5 (+1 vs. last month)

Median Days on Market – 17 Days (-48 days vs. last month)

Median List Price – $2,399,900 (-$1,047,550 vs. last month)

Sold Properties in February – 6 (-8 vs. last month)

Median Days on Market – 125 Days (+33 days vs. last month)

Median Sale Price – $1,775,000 (+$429,000 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.