Cape May Real Estate Market Report - March 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 March 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 April 3rd, 2021  

Cape May

Active SFH Listings as of 04/03/21 29 (-2 vs. last month)Median Days on Market 116 Days (-24 days vs. last month)Median List Price - $1,600,000 (-$50,000 vs. last month) Sold Properties in January 19 (+4 vs. last month)Median Days on Market 104 Days (-1 day vs. last month)Median Sale Price - $840,000 (-$64,000 vs. last month)

West Cape May

Active SFH Listings as of 04/03/21 6 (-2 vs. last month)Median Days on Market 80 Days (+34 days vs. last month)Median List Price - $943,000 (+$0 vs. last month) Sold Properties in March 8 (+5 vs. last month)Median Days on Market 79 Days (-75 days vs. last month)Median Sale Price - $797,500 (-$62,400 vs. last month)

Cape May Point

Active SFH Listings as of 04/03/21 5 (+0 vs. last month)Median Days on Market 43 Days (+7 vs. last month)Median List Price - $2,100,000 (+0 vs. last month) Sold Properties in March 1 (+1 vs. last month)Median Days on Market 63 Days (-36 Days Vs. January, No Sold Properties in Feb.)Median Sale Price $830,000 (-$202,352 vs. January, No Sold Properties in Feb.) 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.