Cape May County, NJ Home Values & Market Trends
The median home price in Cape May County, NJ is $652,304.96. There were 3,358 home sales in Cape May County, NJ over the past 12 months. The median residential Cape May County, NJ home value for transactions over the previous year is $382,942.518. The number of current listings in Cape May County, NJ is 429, and the percentage of properties for sale is 429.00%. The county has 387 foreclosures, 5 bank owned properties, 27 headed for auction, and 429 properties for sale.
Cape May County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Ocean City | $ 969,750 $ 714/sqft | Ocean View | $ 396,700 $ 216/sqft |
| Wildwood | $ 573,550 $ 472/sqft | Sea Isle City | $ 1,584,000 $ 1,002/sqft |
| Cape May | $ 629,100 $ 419/sqft | Marmora | $ 626,200 $ 240/sqft |
| Cape May Court House | $ 417,400 $ 260/sqft | Rio Grande | $ 427,100 $ 344/sqft |
| Avalon | $ 1,428,000 $ 819/sqft | Cape May Point | $ -- $ -- |
| Villas | $ 363,450 $ 347/sqft | Dennisville | $ -- $ -- |
| Stone Harbor | $ 2,758,000 $ 1,024/sqft | South Dennis | $ -- $ -- |
| Woodbine | $ 239,100 $ 171/sqft |
Housing Market Summary for Cape May County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $823.9K | $625.9K | -24.03% |
| Median Sold Price | $567.5K | $625.9K | 10.29% |
| Homes For Sale | 395 | 410 | 3.80% |
| Homes Sold | 1,509 | 1,385 | -8.22% |
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 County, NJ
Browse Homes in Cape May County, NJ
Cape May County, NJ home values range from $100,100 to $3,180,000. Stone Harbor is the priciest city with a median listing home price of $4,500,000, and Woodbine is most affordable with average house prices of around $277,450.
- Pre-ForeclosurePre-foreclosure homes account for 0.39% of all residential properties in Cape May County, NJ with Cape May Court House containing 69 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 15 cities within Cape May County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $2,410,000 in Avalon to the lowest home value of $166,800 in Woodbine.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cape May County, NJ ranges from the highest value of $353,600 in Villas to the lowest value of $307,100 in Woodbine. Bank owned homes and properties account for 0.01% of properties in Cape May County, NJ. There are 15 cities within Cape May County, NJ; Cape May Court House containing 2 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsCape May Court House has 6 auction properties, the highest number of properties going to auction in a single city in the state of Cape May County, NJ. Auction homes and other auction properties account for 0.03% of all properties in Cape May County, NJ. There are 15 cities within Cape May County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $796,100 in Marmora to the lowest value of $169,400 in Marmora.
Compare Nearby Cities
More Real Estate Resources for Cape May County, NJ
Guide for Cape May County, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
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.
When house prices increase near good school, what options do home buyer have?
Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.
