Cape May Real Estate Market Report - January 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 January 2021 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 February 2nd, 2020.

Cape May

Active SFH Listings as of 02/02/21 33 (-1 vs. last month)Median Days on Market 114 Days (+28 days vs. last month)Median List Price - $1,650,000 (+0 vs. last month) Sold Properties in January 14 (-10 vs. last month)Median Days on Market 86 Days (+1 days vs. last month)Median Sale Price - $838,773 (-$28,727 vs. last month)

West Cape May

Active SFH Listings as of 02/02/21 4 (-1 vs. last month)Median Days on Market 114 Days (+32 days vs. last month)Median List Price - $943,000 (-$42,000 vs. last month)Sold Properties in January 4 (-1 vs. last month)Median Days on Market 153 Days (+95 days vs. last month)Median Sale Price - $645,000 (-$75,000 vs. last month)

Cape May Point

Active SFH Listings as of 02/02/21 5 (+1 vs. last month)Median Days on Market 80 Days (+1 vs. last month)Median List Price - $1,870,000 (-55,000 vs. last month) Sold Properties in January 4 (-1 vs. last month)Median Days on Market 99 Days (-3 days vs. last month)Median Sale Price - $1,032,325 (-$192,675 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.