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 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 April 3rd 2021.
Cape May Area (including Cape May City – West Cape May – Cape May Point)
Active SFH Listings as of 04/03/21– 40 (-4 vs. last month)
Median Days on Market – 108 Days (-2 Days vs. last month)
Median List Price – $1,475,000 (-$137,500 vs. last month)
Sold Properties in January – 28 (+10 vs. last month)
Median Days on Market – 96 Days (-46 days vs. last month)
Median Sale Price – $835,000 (-$46,950 vs. last month)
Lower Township
Active SFH Listings as of 04/03/21– 55 (+2 vs. last month)
Median Days on Market – 36 Days (-4 days vs. last month)
Median List Price – $359,000 (-$10,900 vs. last month)
Sold Properties in March – 61 (+28 vs. last month)
Median Days on Market – 64 Days (-5 days vs. last month)
Median Sale Price – $350,000 (+$63,000 vs. last month)
Middle Township
Active SFH Listings as of 04/03/21– 52 (+9 vs. last month)
Median Days on Market – 39 Days (-33 days vs. last month)
Median List Price – $380,000 (-$19,750 vs last month)
Sold Properties in January – 40 (+13 vs. last month)
Median Days on Market – 123 Days (-12 days vs. last month)
Median Sale Price – $272,500 (+$62,500 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 04/03/21– 32 (-7 vs. last month)
Median Days on Market – 39 Days (+1 Day vs. last month)
Median List Price – $844,900 (+$94,900 vs. last month)
Sold Properties in March – 117 (+47 vs. last month)
Median Days on Market – 76 Days (-20 days vs. last month)
Median Sale Price – $375,000 (-$35,500 vs. last month)
Dennis Township – Upper Township – Woodbine
Active SFH Listings as of 04/03/21– 34 (-4 vs. last month)
Median Days on Market – 100 Days (+4 days vs. last month)
Median List Price – $324,900 (+$70,100 vs. last month)
Sold Properties in March – 27 (+11 vs. last month)
Median Days on Market – 129 Days (+11 Days vs. last month)
Median Sale Price – $124,050 (-$174,000 vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 04/03/21– 47 (+5 vs. last month)
Median Days on Market – 95 Days (-51 days vs. last month)
Median List Price – $3,850,000 (+$152,500 vs. last month)
Sold Properties in March – 31 (+8 vs. last month)
Median Days on Market – 69 Days (-64 days vs. last month)
Median Sale Price – $1,620,000 (-$530,000 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 04/03/21– 9 (+7 vs. last month)
Median Days on Market – 19 Days (+6 days vs. last month)
Median List Price – $2,100,000 (-$199,000 vs. last month)
Sold Properties in March – 42 (+21 vs. last month)
Median Days on Market – 68 Days (-48 days vs. last month)
Median Sale Price – $1,018,500 (+$36,500 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.
