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Cape May Market Report

$1,051,092

AVERAGE PRICE OF 75 HOMES

$101,200

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,945,679

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$1,612,000

AVERAGE PRICE OF 2 NEWLY BUILT HOMES

$1,119,846

AVERAGE PRICE OF 22 HOMES WITH A POOL

$1,068,780

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $1,051,092
Avg Bedrooms 3.95 beds
Avg Bathrooms 2.7 baths

Average Price by Bedrooms

1 bedroom $246,246
2 bedrooms $440,566
3 bedrooms $639,511
4 bedrooms $932,033
5 bedrooms $2,476,000
Cape May Home Price Trends
  1/2019 12/2018 11/2018 10/2018 9/2018
Total Listings 67 72 74 75 78
Average Price $1,098,565 $1,055,261 $1,044,300 $1,011,496 $946,511
Avg Price Change +4.10% +1.05% +3.24% +6.87% +0.98%
Median Price $812,413 $876,655 $853,900 $787,600 $726,400
Med Price Change -7.91% +2.66% +8.42% +8.43% +5.27%
Avg Bedrooms 4 beds 3.98 beds 4.02 beds 3.98 beds 3.79 beds
Avg Bathrooms 2.71 baths 2.72 baths 2.84 baths 2.76 baths 2.64 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 75 $1,051,092 138 days
Distressed Homes 1 $101,200 1 day
Multi-Million Dollar Homes 28 $1,945,679 143 days
Newly Built Homes 2 $1,612,000 6 days
Homes with a Pool 22 $1,119,846 171 days
Reduced Price Homes 5 $1,068,780 111 days
eXp Realty | Jersey Shore Real Estate Experts
Chip Watson
28 Valley Road #1
Montclair , NJ 07042
856-625-5900

Fair Housing/Equal Opportunity
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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