Market Update
Cape May County
Q2 2026
Residential Property Snapshot
Single Family Homes & Condos | Q2 2026
Med. Sales Price
$697k
7% more than in
Q2 2025
Q2 2025
Avg. Days On Market
62
11% more than in
Q2 2025
Q2 2025
Closed Sales
696
10% fewer than in
Q2 2025
Q2 2025
Inventory
840
5% fewer than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $499k | $855k | 859 |
| Q2 '23 | $575k | $919k | 743 |
| Q2 '24 | $580k | $920k | 600 |
| Q2 '25 | $649k | $1.09m | 772 |
| Q2 '26 | $697k | $1.1m | 696 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 30.5% |
|---|---|
| Q2 '26 | 212 |
| Q2 '25 | 285 |
| 1YR CHANGE | -26% |
| Closed $500k - $1m | 40.2% |
| Q2 '26 | 280 |
| Q2 '25 | 267 |
| 1YR CHANGE | +5% |
| Closed $1m - $1.5m | 11.5% |
| Q2 '26 | 80 |
| Q2 '25 | 78 |
| 1YR CHANGE | +3% |
| Closed Over $1.5m | 17.8% |
| Q2 '26 | 124 |
| Q2 '25 | 142 |
| 1YR CHANGE | -13% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 41 | $499k |
| Q2 '23 | 60 | $575k |
| Q2 '24 | 55 | $580k |
| Q2 '25 | 56 | $649k |
| Q2 '26 | 62 | $697k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-5%
New Listings
New Listings represents the number of properties listed during the quarter.
3%
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.
-0%
Closed Sales
-10%
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.
11%
Avalon
Median
$3.15m
DOM
96
Sales
36
Inv
52
Cape May
Median
$1.6m
DOM
145
Sales
29
Inv
32
Dennis Township
Median
$420k
DOM
40
Sales
22
Inv
13
Erma
Median
$445k
DOM
105
Sales
5
Inv
2
Lower Township
Median
$528k
DOM
47
Sales
121
Inv
100
Middle Township
Median
$455k
DOM
65
Sales
69
Inv
87
North Cape May
Median
$584k
DOM
34
Sales
41
Inv
24
Ocean City
Median
$1.05m
DOM
49
Sales
190
Inv
233
Ocean View
Median
$530k
DOM
262
Sales
2
Inv
2
Sea Isle City
Median
$965k
DOM
66
Sales
24
Inv
17
South Seaville
Median
$407k
DOM
17
Sales
2
Stone Harbor
Median
$4.2m
DOM
78
Sales
14
Inv
35
Strathmere
Median
$1.76m
DOM
142
Sales
4
Inv
3
Upper Township
Median
$588k
DOM
60
Sales
41
Inv
55
Villas
Median
$448k
DOM
55
Sales
44
Inv
44
Wildwoods & Diamond Beach
Median
$592k
DOM
104
Sales
158
Inv
223
Woodbine
Median
$415k
DOM
283
Sales
4
Inv
3