Real Estate Market Report – May 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of May 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

 

122 Total Active Listings as of June 1st

Avg Price of $1,001,757

Median Days on market = 145 Days

 

22 New Listings (+15 vs last month)

Avg Price of $917,309

 

15 Sold Houses (-2 vs last month)

Avg Price of $1,254,725

 

 

Lower Township Area

 

215 Active Listings

Avg Price of $356,365

Median Days on Market = 121 Days

 

35 New Listings (+10 vs last month)

Average Price of $337,796

 

41 Sold Houses (-16 vs last month)

Avg Price of $299,060

 

 

Middle Township Area

 

253 Total Active Listings

Avg Price of $316,718

Median Days on Market = 151 Days

 

43 new Listings (+18 vs last month)

Avg Price of $283,365

 

27 Sold Houses (-15 vs last month)

Avg Price of $246,466

 

Wildwoods

443 Total Active Listings

Avg Price of $539,902

Median Days on Market = 125 Days

 

72 New Listings (+23 vs last month)

Avg Price of $510,717

 

58 Sold Houses (-34 vs last month)

Avg Price of $431,803

 

Upper & Dennis & Woodbine Areas

 

174 Total Active Listings

Avg Price of $268,912

Median Days on Market = 109 Days

 

30 New Listings (+8 vs last month)

Avg Price of $204,499

 

19 Sold Houses (-2 vs last month)

Avg Price of $241,442

 

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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