Real Estate Market Report – October 2020 – Cape May County

Market Report! Here’s a quick rundown of most of Cape May County for the month of October 2020. Included is new listings, sold properties, and total active listings at the end of the month(as of Nov 4th)

Cape May + West Cape May + Cape May Point Areas

48 Total Active Listings as of November 4th (+0 vs last month)

Median Price of $1,425,000

Median Days on market = 40 Days

 

23 New Listings (+0 vs last month)

Median Price of $1,450,000

 

21 Sold Houses (-9 vs last month)

Median Price of $870,000

 

Lower Township Area

91 Active Listings as of November 4th (-6 vs last month)

Median Price of $286,000

Median Days on Market = 62

 

42 New Listings (-7 vs last month)

Median Price of $354,950

 

55 Sold Houses (-24 vs last month)

Avg Price of $317,000

 

Middle Township Area

91 Total Active Listings as of November 4th (-14 vs last month)

Median Price of $286,000

Median Days on Market = 62 Days

 

39 new Listings (+5 vs last month)

Median Price of $299,900

 

38 Sold Houses (+4 vs last month)

Median Price of $272,500

 

The Wildwoods & Diamond Beach Areas

38 Total Active Listings as of November 4th (-1 vs. last month)

Median Price of $667,450

Median Days on Market = 38 Days

 

23 New Listings (+8 vs last month)

Median Price of $699,000

 

24 Sold Houses (+6 vs last month)

Median Price of $346,250

 

Upper Township, Dennis Township & Woodbine Areas

66 Total Active Listings as of November 4th (-2 vs last month)

Median Price of $279,900

Median Days on Market = 61 Days

 

26 New Listings (-11 vs last month)

Median Price of $293,000

 

17 Sold Houses (-5 vs last month)

Median Price of $270,000

 

Avalon & Stone Harbor Areas

63 Total Active Listings as of November 4th (-16 vs. last month)

Median Price of $3,000,000

Median Days on Market = 75 Days

 

21 New Listings (-7 vs. last month)

Median Price of $2,739,499

 

50 Sold Houses (-1 vs. last month)

Median Price of $2,606,250

 

Sea Isle City & Strathmere Areas

12 Total Active Listings as of November 4th (+5 vs. last month)

Median Price of $1,532,500

Median Days on Market = 78 Days

 

7 New Listings (+5 vs. last month)

Median Price of $1,515,000

 

4 Sold Houses (+1 vs. last month)

Median Price of $1,120,000

 

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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