Posted on 3/3/2022

Real Estate Market Report - Cape May County - February 2022

It is market report time! Here s a quick Real Estate market report of most of Cape May County and also a more in depth view focusing on Cape May, West Cape May, and Cape May Point. Included is a recap of all sold properties(SFH, Land, Condo, etc) in the month of February 2022 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 March 1st, 2022

Cape May

Active SFH Listings as of 3/01/22 7 (-2 vs. last month)

Median Days on Market 103 Days (+23 days vs. last month)

Median List Price - $1,895,000 (+$146,000 vs. last month)

Sold Properties in February 7 (-10 vs. last month)

Median Days on Market 98 Days (+32 days vs. last month)

Median Sale Price - $725,000 (-$350,000 vs. last month)

West Cape May

Active SFH Listings as of 3/01/22 3 (-1 vs. last month)

Median Days on Market 79 Days (+30 days vs. last month)

Median List Price - $899,000 (-$25,500 vs. last month)

Sold Properties in February 1 (-6 vs. last month)

Median Days on Market 310 Days (+229 days vs. last month)

Median Sale Price - $1,050,000 (-$145,000 vs. last month)

Cape May Point

Active SFH Listings as of 3/01/22 3 (+2 vs. last month)

Median Days on Market 10 Days (+2 Days vs last month)

Median List Price - $1,850,000 (+$0 vs. last month)

Sold Properties in February 0 (+0 vs. last month)

Median Days on Market N/A (124 Days in Dec)

Median Sale Price N/A ($1,582,500 in Dec)

Below, lets take a broader look across most of Cape May County for the month of February.

Cape May Area (including Cape May City West Cape May Cape May Point)

Active SFH Listings as of 3/01/22 13 (-1 vs. last month)

Median Days on Market 34 Days (-15 Days vs. last month)

Median List Price - $1,750,000 (+$153,000 vs. last month)

Sold Properties in February 8 (-16 vs. last month)

Median Days on Market 112 Days (+41 days vs. last month)

Median Sale Price - $762,500 (-$372,500 vs. last month)

Lower Township

Active SFH Listings as of 3/01/22 44 (-2 vs. last month)

Median Days on Market 36 Days (-15 days vs. last month)

Median List Price - $394,500 (+$50 vs. last month)

Sold Properties in February 31 (+3 vs. last month)

Median Days on Market 74 Days (-9 days vs. last month)

Median Sale Price - $333,000 (-$52,000 vs. last month)

Middle Township