Cape May Point, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 28 transactions over the past year in Cape May Point. The median value for residential home transactions that occurred over the previous year is $1,389,166.67. The number of current listings in Cape May Point is 1, and the percentage of properties for sale in the city is 1.00%. Cape May Point, NJ currently has 3 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 1 properties for sale.
Cape May Point, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08212 | $ 1,236,000 $ 712/sqft |
Housing Market Summary for Cape May Point, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.5M | $1.6M | 5.48% |
| Median Sold Price | $1.3M | $1.6M | 23.73% |
| Homes For Sale | 3 | 1 | -66.67% |
| Homes Sold | 13 | 11 | -15.38% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Cape May Point, NJ
Browse Homes in Cape May Point, NJ
Cape May Point home values range from $104,900 to $2,612,000. The median estimated value of a home in Cape May Point is $1,389,166.67. The median list price of a home is 1,199,000, and the total count of properties in the city is 631.
- Pre-ForeclosurePre-foreclosure homes account for 0.48% of all residential properties in Cape May Point, NJ with 08212 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Cape May Point, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,279,000 in 08212 to the lowest home value of $1,138,000 in 08212.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cape May Point, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Cape May Point, NJ. There is 1 zips within Cape May Point, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Cape May Point, NJ. Auction homes and other auction properties account for 0% of all properties in Cape May Point, NJ. There is 1 zips within Cape May Point, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Cape May Point, NJ
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The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
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