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 November for a given area; as well as a current look at the current inventory of single family homes(SFH) in an area as of December 2nd 2020.
Cape May Area (including Cape May City – West Cape May – Cape May Point)
Active SFH Listings as of 12/2/20 – 46 (-2 vs. last month)
Median Days on Market – 56 Days (+16 Days vs. last month)
Median List Price – $1,650,000 (+$175,000 vs. last month)
Sold Properties in November – 24
Median Days on Market – 66 Days
Median Sale Price – $700,000
Lower Township
Active SFH Listings as of 12/2/20– 67 (-24 vs. last month)
Median Days on Market – 48 Days (-14 days vs. last month)
Median List Price – $359,900 (+73,900 vs. last month)
Sold Properties in November – 72
Median Days on Market – 80 Days
Median Sale Price – $289,350
Middle Township
Active SFH Listings as of 12/2/20 – 77 (-14 vs. last month)
Median Days on Market – 66 Days (+4 days vs. last month)
Median List Price – $299,999 (+$13,999 vs last month)
Sold Properties in November – 47
Median Days on Market – 75 Days
Median Sale Price – $280,000
The Wildwoods & Diamond Beach
Active SFH Listings as of 12/2/20 – 40 (+2 vs. last month)
Median Days on Market – 50 Days (+12 vs. last month)
Median List Price – $587,400 (-$80,050 vs. last month)
Sold Properties in November – 110
Median Days on Market – 72 Days
Median Sale Price – $331,250
Dennis Township – Upper Township – Woodbine
Active SFH Listings as of 12/2/20 – 68 (+2 vs. last month)
Median Days on Market – 73 Days (+12 days vs. last month)
Median List Price – $299,000 (+$20,000 vs. last month)
Sold Properties in November – 19
Median Days on Market – 77 Days
Median Sale Price – $259,900
Avalon & Stone Harbor
Active SFH Listings as of 12/2/20 – 67 (+4 vs. last month)
Median Days on Market – 76 Days (+1 day vs. last month)
Median List Price – $3,100,000 (+$100,000 vs. last month)
Sold Properties in November – 46
Median Days on Market – 87 Days
Median Sale Price – $1,797,500
Sea Isle City & Strathmere
Active SFH Listings as of 12/2/20 – 7 (-5 vs. last month)
Median Days on Market – 56 Days (-22 days vs. last month)
Median List Price – $2,229,000 (+$696,500 vs. last month)
Sold Properties in November – 30
Median Days on Market – 75 Days
Median Sale Price – $832,750
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.
