Real Estate Market Report – July 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of July 2020. Included is new listings, sold properties, and total active listings at the end of the month.

 

Cape May + West Cape May + Cape May Point

40 Total Active Listings as of August 1st (-57 vs last month)

Median Price of $879,000

Median Days on market = 42 Days

 

29 New Listings (+9 vs last month)

Median Price of $750,000

 

15 Sold Houses (-7 vs last month)

Median Price of $585,000

 

Lower Township Area

97 Active Listings as of August 1st (-86 vs last month)

Median Price of $272,600

Median Days on Market = 46

 

52 New Listings (+5 vs last month)

Median Price of $295,000

 

69 Sold Houses (+9 vs last month)

Avg Price of $240,000

 

Middle Township Area

107 Total Active Listings as of August 1st (-146 vs last month)

Median Price of $294,500

Median Days on Market = 71 Days

 

37 new Listings (-23 vs last month)

Median Price of $244,900

 

40 Sold Houses (+6 vs last month)

Avg Price of $247,450

 

Wildwoods

44 Total Active Listings as of August 1st (-293 vs last month)

Median Price of $498,388

Median Days on Market = 66 Days

 

101 New Listings (+30 vs last month)

Median Price of $379,900

 

130 Sold Houses (+40 vs last month)

Median Price of $273,050

 

Upper & Dennis & Woodbine Areas

71 Total Active Listings as of August 1st(-87 vs last month)

Median Price of $279,900

Median Days on Market = 114 Days

 

23 New Listings (+3 vs last month)

Median Price of $260,000

 

30 Sold Houses (+3 vs last month)

Median Price of $176,250

 

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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