Cape May Real Estate Market Update June 2022

Here’s what happened in May 2022 in Cape May NJ

Estimated Home Values:

Median Estimated Home Value $552,000

Change over last month: +2.79%

Change over last 3 month: +3.23%

Change over last 12 months: +22.25%

Market Activity:

New ListingsPrice ChangesPendingClosedExpired
Number of Properties1010101010
Low Price / Value$205,000$220,000$220,000$317,500$165,000
Median Price / Value$852,500$524,000$737,000$845,000$597,450
High Price / Value$4,750,000$4,295,000$1,649,000$1,750,000$2,300,000
Average Price / Sq. Ft.$573$483$435$546$441
Median Price / Sq. Ft.$510$379$390$510$316
Average Days in RPR251018689366
Median Days in RPR12725063253
Total Volume$13,957,999$9,461,998$7,579,400$9,317,500$8,052,800

Contact Ian Lazarus for all of your South Jersey Real Estate needs. From finding your next home to helping you get the best price for your current shore home.

Call or Text Ian today 609-457-0258 for up-to-date listing information or to schedule an listing appointment.

About this Data: Estimated home values are generated by a valuation model and are not formal appraisals. Valuations are based on public records and MLS data where licensed. The metrics shown here reflect All Residential Properties data

Leave a reply