Real Estate Market Report - December 2020 - Cape May County
Market Report! Here s a quick Real Estate market report of most of Cape May County. Included is a recap of all sold properties in the month of December 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 3rd 2020.
Cape May Area (including Cape May City West Cape May Cape May Point)
Active SFH Listings as of 01/03/21 43 (-3 vs. last month)Median Days on Market 87 Days (+31 Days vs. last month)Median List Price - $1,650,000 (+0 vs. last month) Sold Properties in December 34 (+10 vs. last month)Median Days on Market 73 Days (+7 days vs. last month)Median Sale Price - $999,500 (+$299,500 vs. last month)
Cape May
Active SFH Listings as of 01/03/21 34 (-1)Median Days on Market 86 Days (+30)Median List Price - $1,650,000 (-15,000) Sold Properties in December 24 (+5 vs. last month)Median Days on Market 85 Days (+20 days vs. last month)Median Sale Price - $867,500 (+$192,500 vs. last month)
West Cape May
Active SFH Listings as of 01/03/21 5 (-2)Median Days on Market 82 Days (+18)Median List Price - $985,000 (-174,999) Sold Properties in December 5 (+2 vs. last month)Median Days on Market 58 Days (-63 days vs. last month)Median Sale Price - $720,000 (+$325,000 vs. last month)
Cape May Point
Active SFH Listings as of 01/03/21 4 (+0)Median Days on Market 79 Days (+2)Median List Price - $1,925,000 (+350,000) Sold Properties in December 5 (+3 vs. last month)Median Days on Market 102 Days (-45 days vs. last month)Median Sale Price - $1,225,000 (+$250,000 vs. last month)
Lower Township
Active SFH Listings as of 01/03/21 55 (-12 vs. last month)Median Days on Market 53 Days (+5 days vs. last month)Median List Price - $369,900 (+10,000 vs. last month) Sold Properties in December 56 (-16 vs. last month)Median Days on Market 75 Days (-5 days vs. last month)Median Sale Price - $281,000 (-$8,350 vs. last month)
Middle Township
Active SFH Listings as of 01/03/21 65 (-12 vs. last month)Median Days on Market 82 Days (+16 days vs. last month)Median List Price - $279,000 (-$20,999 vs last month) Sold Properties in December 33 (-14 vs. last month)Median Days on Market 111 Days (+36 days vs. last month)Median Sale Price - $245,000 (-$35,000 vs. last month)
The Wildwoods & Diamond Beach
Active SFH Listings as of 01/03/21 35 (-5 vs. last month)Median Days on Market 80 Days (+30 vs. last month)Median List Price - $549,000 (-$38,400 vs. last month) Sold Properties in December 106 (-4 vs. last month)Median Days on Market 64 Days (-8 vs. last month)Median Sale Price - $362,500(+$30,250 vs. last month)
Dennis Township Upper Township - Woodbine
Active SFH Listings as of 01/03/21 58 (-10 vs. last month)Median Days on Market 90 Days (+13 days vs. last month)Median List Price - $307,400 (+$8,400 vs. last month) Sold Properties in December 10 (-9 vs. last month)Median Days on Market 69 Days (-8 Days vs. last month)Median Sale Price - $221,000 (-$38,900 vs. last month)
Avalon & Stone Harbor
Active SFH Listings as of 01/03/21 53 (-14 vs. last month)Median Days on Market 103 Days (+27 days vs. last month)Median List Price - $3,150,000 (+$50,000 vs. last month) Sold Properties in December 48 (+2 vs. last month)Median Days on Market 116 Days (+29 days vs. last month)Median Sale Price - $2,100,000 (+$302,500 vs. last month)
Sea Isle City & Strathmere
Active SFH Listings as of 01/03/21 8 (+1 vs. last month)Median Days on Market 86 Days (+30 days vs. last month)Median List Price - $2,124,450 (-$104,550 vs. last month) Sold Properties in December 33 (+3 vs. last month)Median Days on Market 78 Days (+3 days vs. last month)Median Sale Price - $910,000 (+$77,250 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-property This info deemed reliable but not guaranteed. Information compiled from the Cape May County Multiple Listing Service.
