Cape May Real Estate Market Report - August 2021

Market Report incoming!Here s a quick Real Estate market report for Cape May, West Cape May, and Cape May Point for the month of August. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of August 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 September 1st 2021.

Cape May

Active SFH Listings as of 09/01/21 25 (+2 vs. last month)Median Days on Market 75 Days (-13 days vs. last month)Median List Price - $1,625,000 (+$130,000 vs. last month) Sold Properties in August 7 (-2 vs. last month)Median Days on Market 109 Days (+57 days vs. last month)Median Sale Price - $900,000 (+$274,000 vs. last month)

West Cape May

Active SFH Listings as of 09/01/21 5 (+0 vs. last month)Median Days on Market 128 Days (+30 days vs. last month)Median List Price - $1,195,000 (+$0 vs. last month) Sold Properties in August 1 (-1 vs. last month)Median Days on Market 119 Days (-69 days vs. last month)Median Sale Price - $605,000 (-$164,000 vs. last month)

Cape May Point

Active SFH Listings as of 09/01/21 6 (-1 vs. last month)Median Days on Market 74 Days (+26 days vs. last month)Median List Price - $1,199,500 (+$50,500 vs. last month) Sold Properties in August 1 (-1 vs. last month)Median Days on Market 50 Days (-6 Days vs. last month)Median Sale Price $765,000 (-$422,500 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.