Real Estate Market Report – Cape May County – January 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 in the month of January 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 2nd, 2021.

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

Active SFH Listings as of 02/02/21– 42 (-1 vs. last month)

Median Days on Market – 108 Days (+21 Days vs. last month)

Median List Price – $1,650,000 (+0 vs. last month)

 

Sold Properties in January – 22 (-12 vs. last month)

Median Days on Market – 88 Days (+15 days vs. last month)

Median Sale Price – $838,773 (-$160,727 vs. last month)

 

Lower Township

Active SFH Listings as of 02/02/21– 62 (+7 vs. last month)

Median Days on Market – 25 Days (-28 days vs. last month)

Median List Price – $349,450 (-$20,450 vs. last month)

 

Sold Properties in January – 38 (-18 vs. last month)

Median Days on Market – 76 Days (+1 days vs. last month)

Median Sale Price – $370,000 (+$89,000 vs. last month)

Middle Township

Active SFH Listings as of 02/02/21– 54 (-11 vs. last month)

Median Days on Market – 88 Days (+6 days vs. last month)

Median List Price – $304,900 (+$25,900 vs last month)

Sold Properties in January – 19 (-14 vs. last month)

Median Days on Market – 119 Days (+8 days vs. last month)

Median Sale Price – $239,000 (-$6,000 vs. last month)

The Wildwoods & Diamond Beach

Active SFH Listings as of 02/02/21– 35 (+0 vs. last month)

Median Days on Market – 74 Days (-6 vs. last month)

Median List Price – $675,000 (-$126,000 vs. last month)

 

Sold Properties in January – 69 (-37 vs. last month)

Median Days on Market – 86 Days (+22 days vs. last month)

Median Sale Price – $379,900 (+$17,400 vs. last month)

Dennis Township – Upper Township – Woodbine

Active SFH Listings as of 02/02/21– 48 (-10 vs. last month)

Median Days on Market – 83 Days (-7 days vs. last month)

Median List Price – $267,450 (-$39,950 vs. last month)

 

Sold Properties in January – 6 (-4 vs. last month)

Median Days on Market – 128 Days (+59 Days vs. last month)

Median Sale Price – $319,950 (+$98,950 vs. last month)

Avalon & Stone Harbor

Active SFH Listings as of 02/02/21– 45 (-8 vs. last month)

Median Days on Market – 121 Days (+14 days vs. last month)

Median List Price – $3,395,000 (+$245,000 vs. last month)

 

Sold Properties in January – 26 (-22 vs. last month)

Median Days on Market – 144 Days (+28 days vs. last month)

Median Sale Price – $1,639,500 (-$460,500 vs. last month)

Sea Isle City & Strathmere

Active SFH Listings as of 02/02/21– 5 (-3 vs. last month)

Median Days on Market – 118 Days (+32 days vs. last month)

Median List Price – $2,350,000 (-$225,550 vs. last month)

 

Sold Properties in January – 17 (-16 vs. last month)

Median Days on Market – 86 Days (+8 days vs. last month)

Median Sale Price – $830,000 (-$80,000 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.

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