Market Update
Cape May County
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$717k
21% more than in
Q1 2025
Q1 2025
Avg. Days On Market
67
1% fewer than in
Q1 2025
Q1 2025
Closed Sales
484
2% fewer than in
Q1 2025
Q1 2025
Inventory
821
2% fewer than in
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $475k | $788k | 765 |
| Q1 '23 | $548k | $875k | 512 |
| Q1 '24 | $599k | $981k | 525 |
| Q1 '25 | $593k | $1.02m | 495 |
| Q1 '26 | $717k | $1.13m | 484 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 28.5% |
|---|---|
| Q1 '26 | 138 |
| Q1 '25 | 191 |
| 1YR CHANGE | -28% |
| Closed $500k - $1m | 38.0% |
| Q1 '26 | 184 |
| Q1 '25 | 173 |
| 1YR CHANGE | +6% |
| Closed $1m - $1.5m | 10.5% |
| Q1 '26 | 51 |
| Q1 '25 | 45 |
| 1YR CHANGE | +13% |
| Closed Over $1.5m | 22.9% |
| Q1 '26 | 111 |
| Q1 '25 | 86 |
| 1YR CHANGE | +29% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 85 | $475k |
| Q1 '23 | 92 | $548k |
| Q1 '24 | 59 | $599k |
| Q1 '25 | 68 | $593k |
| Q1 '26 | 67 | $717k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-2%
New Listings
New Listings represents the number of properties listed during the quarter.
-8%
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.
-3%
Closed Sales
-2%
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.
-1%
Avalon
Median
$4.19m
DOM
90
Sales
20
Inv
46
Cape May
Median
$1.6m
DOM
177
Sales
20
Inv
46
Dennis Township
Median
$380k
DOM
44
Sales
10
Inv
10
Erma
Median
$595k
DOM
37
Sales
4
Inv
5
Lower Township
Median
$555k
DOM
59
Sales
83
Inv
84
Middle Township
Median
$482k
DOM
83
Sales
53
Inv
62
North Cape May
Median
$795k
DOM
72
Sales
21
Inv
15
Ocean City
Median
$1.25m
DOM
59
Sales
124
Inv
245
Ocean View
Median
n/a
DOM
0
Sales
0
Inv
1
Sea Isle City
Median
$1.05m
DOM
42
Sales
20
Inv
22
South Seaville
Median
n/a
DOM
0
Sales
0
Inv
3
Stone Harbor
Median
$3.1m
DOM
38
Sales
5
Inv
34
Strathmere
Median
$2.49m
DOM
30
Sales
2
Inv
3
Upper Township
Median
$545k
DOM
46
Sales
31
Inv
55
Villas
Median
$460k
DOM
37
Sales
43
Inv
38
Wildwoods & Diamond Beach
Median
$604k
DOM
121
Sales
117
Inv
218
Woodbine
Median
$210k
DOM
49
Sales
3
Inv
6