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Cape May Market Report

$1,565,989

AVERAGE PRICE OF 54 HOMES

$2,056,425

AVERAGE PRICE OF 34 MULTI-MILLION DOLLAR HOMES

$1,940,875

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$1,412,991

AVERAGE PRICE OF 11 HOMES WITH A POOL

Average Home

Average Price $1,565,989
Avg Bedrooms 3.64 beds
Avg Bathrooms 2.96 baths

Average Price by Bedrooms

1 bedroom $568,333
2 bedrooms $788,888
3 bedrooms $796,400
4 bedrooms $1,500,500
5 bedrooms $2,446,461
Cape May Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 56 61 60 65 66
Average Price $1,633,601 $1,809,576 $1,817,228 $1,709,766 $1,636,251
Avg Price Change -10.77% -0.42% +6.29% +4.49% +2.66%
Median Price $1,529,840 $1,545,641 $1,539,950 $1,564,478 $1,532,658
Med Price Change -1.03% +0.37% -1.59% +2.08% -0.40%
Avg Bedrooms 3.66 beds 4.08 beds 4.18 beds 4.5 beds 4.47 beds
Avg Bathrooms 2.95 baths 2.77 baths 2.67 baths 2.76 baths 2.73 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 54 $1,565,989 160 days
Multi-Million Dollar Homes 34 $2,056,425 125 days
Newly Built Homes 8 $1,940,875 234 days
Homes with a Pool 11 $1,412,991 116 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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. 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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