Market Update
Cape May County
Q3 2026
Residential Property Snapshot
Single Family Homes & Condos | Q3 2026
Med. Sales Price
$690k
0% change from
Q3 2025
Q3 2025
Avg. Days On Market
56
5% fewer than in
Q3 2025
Q3 2025
Closed Sales
670
0% change from
Q3 2025
Q3 2025
Inventory
802
6% fewer than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $500k | $815k | 737 |
| Q3 '23 | $560k | $895k | 665 |
| Q3 '24 | $626k | $994k | 607 |
| Q3 '25 | $689k | $1.16m | 671 |
| Q3 '26 | $690k | $1.22m | 670 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 30.9% |
|---|---|
| Q3 '26 | 207 |
| Q3 '25 | 212 |
| 1YR CHANGE | -2% |
| Closed $500k - $1m | 38.2% |
| Q3 '26 | 256 |
| Q3 '25 | 262 |
| 1YR CHANGE | -2% |
| Closed $1m - $1.5m | 9.6% |
| Q3 '26 | 64 |
| Q3 '25 | 59 |
| 1YR CHANGE | +8% |
| Closed Over $1.5m | 21.3% |
| Q3 '26 | 143 |
| Q3 '25 | 138 |
| 1YR CHANGE | +4% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 40 | $500k |
| Q3 '23 | 46 | $560k |
| Q3 '24 | 56 | $626k |
| Q3 '25 | 59 | $689k |
| Q3 '26 | 56 | $690k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-6%
New Listings
New Listings represents the number of properties listed during the quarter.
-6%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
-11%
Closed Sales
-0%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-5%
Avalon
Median
$3.44m
DOM
83
Sales
34
Inv
43
Cape May
Median
$1.73m
DOM
129
Sales
25
Inv
29
Dennis Township
Median
$450k
DOM
21
Sales
11
Inv
12
Erma
Median
$450k
DOM
175
Sales
2
Inv
4
Lower Township
Median
$535k
DOM
47
Sales
114
Inv
93
Middle Township
Median
$485k
DOM
64
Sales
73
Inv
110
North Cape May
Median
$540k
DOM
55
Sales
21
Inv
22
Ocean City
Median
$1.18m
DOM
44
Sales
157
Inv
213
Ocean View
Median
n/a
DOM
0
Sales
0
Inv
4
Sea Isle City
Median
$1.95m
DOM
64
Sales
8
Inv
12
South Seaville
Median
$450k
DOM
17
Sales
3
Inv
2
Stone Harbor
Median
$4.6m
DOM
121
Sales
20
Inv
34
Strathmere
Median
$1.44m
DOM
37
Sales
2
Inv
4
Upper Township
Median
$565k
DOM
51
Sales
38
Inv
51
Villas
Median
$435k
DOM
40
Sales
56
Inv
36
Wildwoods & Diamond Beach
Median
$623k
DOM
99
Sales
192
Inv
206
Woodbine
Median
$300k
DOM
43
Sales
10
Inv
6