Market Report! Here s a quick Real Estate market report of 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(SFH, Land, Condo, etc) in the month of May 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 June 1^st 2021.

Cape May

Active SFH Listings as of 06/01/21 27 (+3 vs. last month)Median Days on Market 132 Days (+11 days vs. last month)Median List Price - $1,595,000 (-$5,000 vs. last month) Sold Properties in May 16 (-12 vs. last month)Median Days on Market 60 Days (-1 days vs. last month)Median Sale Price - $842,500 (+$240,000 vs. last month)

West Cape May

Active SFH Listings as of 06/01/21 5 (+1 vs. last month)Median Days on Market 36 Days (-74 days vs. last month)Median List Price - $1,250,000 (-$25,000 vs. last month) Sold Properties in May 1 (-3 vs. last month)Median Days on Market 99 Days (+38 days vs. last month)Median Sale Price - $735,000 (-$129,950 vs. last month)

Cape May Point

Active SFH Listings as of 06/01/21 3 (-2 vs. last month)Median Days on Market 66 Days (-7 vs. last month)Median List Price - $1,149,000 (-$850,000 vs. last month) Sold Properties in May 3 (+0 vs. last month)Median Days on Market 86 Days (+7 Days vs. last month)Median Sale Price $999,900 (-$299,100 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.