Cape May Real Estate Market Update July 2022

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

Estimated Home Values:

Median Estimated Home Value $2.81M

Change over last month: +0.15%

Change over last 3 month: +3.25%

Change over last 12 months: +19.84%

Market Activity:

New ListingsPrice ChangesPendingClosedExpired
Number of Properties1010101010
Low Price / Value$370,000$295,000$259,900$3,428$165,000
Median Price / Value$699,450$1,072,500$527,000$704,000$610,000
High Price / Value$1,425,000$4,295,000$1,699,000$2,150,000$2,749,000
Average Price / Sq. Ft.$651$804$432$459$680
Median Price / Sq. Ft.$571$635$384$444$744
Average Days in RPR18428255213
Median Days in RPR19387739181
Total Volume$7,961,800$12,722,900$6,107,898$8,522,428$10,507,000

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

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