Cape May Market Report
$1,237,454
AVERAGE PRICE OF 93 HOMES$1,837,814
AVERAGE PRICE OF 43 MULTI-MILLION DOLLAR HOMES$1,682,500
AVERAGE PRICE OF 4 NEWLY BUILT HOMES$1,007,621
AVERAGE PRICE OF 19 HOMES WITH A POOL$815,000
AVERAGE PRICE OF 1 REDUCED PRICE HOMESAverage Home
| Average Price | $1,237,454 |
| Avg Bedrooms | 3.87 beds |
| Avg Bathrooms | 2.78 baths |
Average Price by Bedrooms
| 1 bedroom | $533,780 |
| 2 bedrooms | $647,021 |
| 3 bedrooms | $872,923 |
| 4 bedrooms | $1,307,439 |
| 5 bedrooms | $1,365,571 |
Cape May Home Price Trends
| 5/2021 | 4/2021 | 3/2021 | 2/2021 | 1/2021 | |
|---|---|---|---|---|---|
| Total Listings | 85 | 86 | 39 | 43 | 44 |
| Average Price | $1,335,342 | $1,323,203 | $1,513,414 | $1,480,458 | $1,468,358 |
| Avg Price Change | +0.92% | -14.38% | +2.23% | +0.82% | -1.63% |
| Median Price | $1,011,776 | $1,061,983 | $1,338,983 | $1,452,232 | $1,458,333 |
| Med Price Change | -4.96% | -26.08% | -8.46% | -0.42% | +0.94% |
| Avg Bedrooms | 4.11 beds | 4.12 beds | 4.32 beds | 4.13 beds | 4.07 beds |
| Avg Bathrooms | 2.91 baths | 2.98 baths | 3.11 baths | 3.01 baths | 2.98 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 93 | $1,237,454 | 98 days |
| Multi-Million Dollar Homes | 43 | $1,837,814 | 124 days |
| Newly Built Homes | 4 | $1,682,500 | 90 days |
| Homes with a Pool | 19 | $1,007,621 | 129 days |
| Reduced Price Homes | 1 | $815,000 | 105 days |
