Real Estate Market Report - Cape May County - December 2021
Market Report! Here s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of December 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 January 4th, 2022.
December saw every location around the county have less active listings to start of January than the month prior. Middle Township, Dennis Township, Upper Township, and Woodbine saw the largest drops in active listings. For sales the county largely stayed in-line with the previous month regarding volume & sale prices.
Cape May Area (including Cape May City West Cape May Cape May Point)
Active SFH Listings as of 1/04/22 15 (-3 vs. last month)
Median Days on Market 52 Days (-27 Days vs. last month)
Median List Price - $1,499,000 (-$225,000 vs. last month)
Sold Properties in December 25 (+0 vs. last month)
Median Days on Market 115 Days (+2 days vs. last month)
Median Sale Price - $1,219,500 (+$46,000 vs. last month)
Lower Township
Active SFH Listings as of 1/04/22 56 (-4 vs. last month)
Median Days on Market 48 Days (-18 days vs. last month)
Median List Price - $382,325 (-$4,550 vs. last month)
Sold Properties in December 49 (-10 vs. last month)
Median Days on Market 77 Days (+11 days vs. last month)
Median Sale Price - $325,000 (-$35,000 vs. last month)
Middle Township
Active SFH Listings as of 1/04/22 54 (-19 vs. last month)
Median Days on Market 85 Days (-8 days vs. last month)
Median List Price - $377,000 (-$2,900 vs last month)
Sold Properties in December 32 (+8 vs. last month)
Median Days on Market 72 Days (+2 days vs. last month)
Median Sale Price - $299,000 (-$3,450 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 1/04/22 32 (-4 vs. last month)
Median Days on Market 102 Days (+31 Days vs. last month)
Median List Price - $797,500 (+$248,050 vs. last month)
Sold Properties in December 89 (+8 vs. last month)
Median Days on Market 83 Days (+9 days vs. last month)
Median Sale Price - $475,000 (+$0 vs. last month)
Dennis Township Upper Township - Woodbine
Active SFH Listings as of 1/04/22 39 (-25 vs. last month)
Median Days on Market 95 Days (+28 days vs. last month)
Median List Price - $319,000 (-$45,450 vs. last month)
Sold Properties in December 20 (-6 vs. last month)
Median Days on Market 86 Days (+10 days vs. last month)
Median Sale Price - $282,500 (+$6,500 vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 1/04/22 33 (-2 vs. last month)
Median Days on Market 90 Days (+19 days vs. last month)
Median List Price - $3,995,000 (+$100,000 vs. last month)
Sold Properties in December 25 (-4 vs. last month)
Median Days on Market 88 Days (-5 days vs. last month)
Median Sale Price - $2,410,000 (+$375,500 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 1/04/22 3 (-1 vs. last month)
Median Days on Market 91 Days (-1 day vs. last month)
Median List Price - $4,500,000 (+$900,001 vs. last month)
Sold Properties in December 19 (+1 vs. last month)
Median Days on Market 86 Days (-18 days vs. last month)
Median Sale Price - $1,445,000 (-$5,000 vs. last month)
