Cape May Real Estate Market Report - April 2021 - Cape May Area

Market Report! Here s a quick Real Estate market report focusing on the City of Cape May, the Borough of West Cape May, and the Borough of Cape May Point. Included is a recap of all sold properties in the month of April 2021 for a given area; as well as a current look at the current inventory of residential single family homes(SFH) in an area as of May 1st, 2021.

Cape May

Active SFH Listings as of 05/01/21 24 (-5 vs. last month)Median Days on Market 121 Days (+5 days vs. last month)Median List Price - $1,600,000 (+$0 vs. last month) Sold Properties in April 28 (+9 vs. last month)Median Days on Market 61 Days (-43 day vs. last month)Median Sale Price - $602,500 (-$237,500 vs. last month)

West Cape May

Active SFH Listings as of 05/01/21 4 (-2 vs. last month)Median Days on Market 109 Days (+29 days vs. last month)Median List Price - $1,275,000 (+$332,000 vs. last month) Sold Properties in April 4 (-4 vs. last month)Median Days on Market 61 Days (-18 days vs. last month)Median Sale Price - $864,950 (+67,450 vs. last month)

Cape May Point

Active SFH Listings as of 05/01/21 5 (+0 vs. last month)Median Days on Market 73 Days (+30 vs. last month)Median List Price - $1,999,000 (-$101,000 vs. last month) Sold Properties in April 3 (+2 vs. last month)Median Days on Market 79 Days (+16 Days vs. last month)Median Sale Price $1,299,900 (+$469,900 vs last month) Are you looking to sell your property. Or are you curious about what it s market value is? Give us a call at 609-884-5005 or inquire on our website. https://www.coastlinerealty.com/real-estate/selling-your-propertyThis info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.