Cape May Market Report
$1,012,410
AVERAGE PRICE OF 100 HOMES$1,870,371
AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES$1,580,000
AVERAGE PRICE OF 3 NEWLY BUILT HOMES$939,323
AVERAGE PRICE OF 29 HOMES WITH A POOL$826,333
AVERAGE PRICE OF 3 REDUCED PRICE HOMESAverage Home
| Average Price | $1,012,410 |
| Avg Bedrooms | 3.81 beds |
| Avg Bathrooms | 2.76 baths |
Average Price by Bedrooms
| 1 bedroom | $301,198 |
| 2 bedrooms | $527,315 |
| 3 bedrooms | $676,391 |
| 4 bedrooms | $965,438 |
| 5 bedrooms | $1,984,986 |
Cape May Home Price Trends
| 3/2019 | 2/2019 | 1/2019 | 12/2018 | 11/2018 | |
|---|---|---|---|---|---|
| Total Listings | 81 | 69 | 67 | 72 | 74 |
| Average Price | $1,033,915 | $1,079,305 | $1,098,565 | $1,055,261 | $1,044,300 |
| Avg Price Change | -4.39% | -1.78% | +4.10% | +1.05% | +3.24% |
| Median Price | $798,655 | $825,777 | $812,413 | $876,655 | $853,900 |
| Med Price Change | -3.40% | +1.64% | -7.91% | +2.66% | +8.42% |
| Avg Bedrooms | 3.92 beds | 3.98 beds | 4 beds | 3.98 beds | 4.02 beds |
| Avg Bathrooms | 2.77 baths | 2.72 baths | 2.71 baths | 2.72 baths | 2.84 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 100 | $1,012,410 | 124 days |
| Multi-Million Dollar Homes | 35 | $1,870,371 | 140 days |
| Newly Built Homes | 3 | $1,580,000 | 44 days |
| Homes with a Pool | 29 | $939,323 | 171 days |
| Reduced Price Homes | 3 | $826,333 | 177 days |
