Cape May Housing Market Report April 2025•Cape May County, New Jersey

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Housing Prices in Cape May, NJ

How much do homes in Cape May, NJ cost?

Housing Market Conditions

Is Cape May, NJ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Cape May is a Buyer's Market

Difference Since April 2024

Since last year, Cape May has remained a Buyer's Market.

Insight

Cape May is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$660,000$476/SqFt
+$72,333
+12.3%

Based on all homes sold in the last 12 months

Insight

Homes in Cape May have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Cape May was $660,000 in April 2025, up 12.3% from last year, and the median price per square foot was $476.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Cape May
+12.3%
Lower Township
+11.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1$540K$531.2K
-1.6%
2$550K$575K
+4.5%
3$565K$608.5K
+7.7%
4$650K$960K
+47.7%
5$1.4M$1.9M
+39.3%

Summary: Cape May housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.6%. The home price for 2 bedroom homes increased by +4.5%. The home price for 3 bedroom homes increased by +7.7%. The home price for 4 bedroom homes increased by +47.7%. The home price for 5 bedroom homes increased by +39.3%.

How does Cape May, NJ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Cape May, NJ

Housing supply in Cape May, NJ

How many homes are available in Cape May, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
170Last MonthApr 2025
1402 months agoMar 2025
+21.4 %
Change MoMMar – Apr

Summary: The Cape May real estate market had 170 homes for sale in Apr 2025, a 21.4 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
20Last MonthApr 2025
212 months agoMar 2025
-4.8 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
113
+200.0%
23541
+17.1%
34450
+13.6%
43746
+24.3%
52330
+30.4%

Summary: Cape May housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +200.0%. The inventory for 2 bedroom homes increased by +17.1%. The inventory for 3 bedroom homes increased by +13.6%. The inventory for 4 bedroom homes increased by +24.3%. The inventory for 5 bedroom homes increased by +30.4%.

Asking Price vs. Sold Price

How much do homes in Cape May, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price7 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in Cape May, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Cape May in April 2025, down by 4.8% month-over-month. Of the 20 sold homes, 55% were sold under asking, 35% were sold at asking, and and 10% were sold over asking.

Days on Market for Cape May, NJ

How long does it take to sell a home in Cape May, NJ?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days15 Homes

Over 90 Days4 Homes

Insight

Avg time on Rocket Homes in Cape May has remained consistent over time.

Summary: During April 2025, 20 homes were sold in Cape May; 5% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
82 DaysThis YearApr 2025
85 Days1 year agoApr 2024
-3.6 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Cape May had an average listing age of 82 days in Apr 2025, down by 3.6% compared to the previous year.

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Newest Listings in Cape May, NJ

What homes are available in Cape May, NJ?

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Nearby markets aren't available for Cape May, NJ

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MLS Disclaimers and Copyright

Based on information from Cape May County MLS, BrightMLS, and South Jersey Shore Regional MLS for the period 05/01/2023 - 05/01/2025

The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

Copyright © 2025 Cape May County Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 3:15:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 3:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2025 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 3:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.