Cape May Real Estate Market
The median sale price for homes in Cape May over the last 12 months is $522,500.
The median mortgage debt is $122,926.
The price per square foot for listings in this area is $256.
The median sale price in December for single family homes is $322,500. The sale prices dropped by -0.76% from the previous month.
The number of active listings in Cape May increased by 3.2% from the previous month.
The median number of days active properties have been listed is 151. This is much longer than the national average.
The number of sales in December dropped by 86.7% from the previous month.
Cape May has a high % of unoccupied properties. It is 38.8% more than the national average. This can drive sales prices down.
The percent of owner occupied properties in Cape May is 37.19% below the national average.
Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.
