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 January 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 February 5th, 2022.
Cape May Area (including Cape May City – West Cape May – Cape May Point)
Active SFH Listings as of 2/05/22 – 14 (-1 vs. last month)
Median Days on Market – 49 Days (-3 Days vs. last month)
Median List Price – $1,597,000 (+$98,000 vs. last month)
Sold Properties in January – 24 (-1 vs. last month)
Median Days on Market – 71 Days (-43 days vs. last month)
Median Sale Price – $1,135,000 (-$84,500 vs. last month)
Lower Township
Active SFH Listings as of 2/05/22 – 46 (-10 vs. last month)
Median Days on Market – 51 Days (+3 days vs. last month)
Median List Price – $394,450 (+$12,125 vs. last month)
Sold Properties in January – 28 (-21 vs. last month)
Median Days on Market – 83 Days (+6 days vs. last month)
Median Sale Price – $385,000 (+$60,000 vs. last month)
Middle Township
Active SFH Listings as of 2/05/22 – 47 (-7 vs. last month)
Median Days on Market – 92 Days (+7 days vs. last month)
Median List Price – $395,000 (+$18,000 vs last month)
Sold Properties in January – 17 (-15 vs. last month)
Median Days on Market – 94 Days (+22 days vs. last month)
Median Sale Price – $299,000 (+$0 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 2/05/22 – 30 (-2 vs. last month)
Median Days on Market – 91 Days (-11 Days vs. last month)
Median List Price – $869,499 (+$71,999 vs. last month)
Sold Properties in January – 59 (-30 vs. last month)
Median Days on Market – 95 Days (+12 days vs. last month)
Median Sale Price – $385,000 (-$90,000 vs. last month)
Dennis Township – Upper Township – Woodbine
Active SFH Listings as of 2/05/22 – 26 (-13 vs. last month)
Median Days on Market – 143 Days (+48 days vs. last month)
Median List Price – $219,499 (-$99,501 vs. last month)
Sold Properties in January – 17 (-3 vs. last month)
Median Days on Market – 87 Days (+1 day vs. last month)
Median Sale Price – $251,000 (-$31,500 vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 2/05/22 – 27 (-6 vs. last month)
Median Days on Market – 119 Days (+29 days vs. last month)
Median List Price – $4,895,000 (+$900,000 vs. last month)
Sold Properties in January – 24 (-11 vs. last month)
Median Days on Market – 100 Days (+12 days vs. last month)
Median Sale Price – $2,372,500 (-$37,500 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 2/05/22 – 4 (+1 vs. last month)
Median Days on Market – 65 Days (-26 days vs. last month)
Median List Price – $3,447,450 (-$1,052,550 vs. last month)
Sold Properties in January – 14 (-5 vs. last month)
Median Days on Market – 92 Days (+6 days vs. last month)
Median Sale Price – $1,346,000 (-$99,000 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.
