Cape May, NJ Real Estate & Property Data

Cape May Real Estate Market Trends
Last Updated: April 23, 2024

Accurate and comprehensive real estate data is critical for insight into Cape May, NJ. ATTOM’s Cape May real estate data is updated daily, and current market trends show that in Cape May, NJ a total of 479 residential properties have sold over the past year. With a median home price of $740,000 in Cape May and a total of 3 foreclosures. Get detailed property data for Cape May, NJ instantly. ATTOM is your one-stop-shop for the Cape May property reports and real estate data you need in Cape May, NJ.

Cape May Real Estate Market Trends
Total Residential Properties 11,604
Total Commercial Properties 373
Avg. Home Age (Single Family Home) 52 Years
Avg. Square Feet (Single Family Home) 1,694
Total 2024 Residential Sales (year-to-date) 64
% of Homes Seriously Underwater (Q2 2024) 0.58%
Total 2023 Residential Sales 457
% of Equity Rich Homes (Q2 2024) 48.04%
Effective 2023 Property Tax 0.63%
Total Foreclosure Filings (year-to-date) 3
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Cape May, NJ Real Estate Overview

There were 479 residential properties sold in the past year in Cape May, NJ. The median home value in Cape May, NJ is $635,600. There are a total of 11,604 residential properties in the Cape May.

Median Sales Price i
$740,000
(Feb 2024)
+61.7%
year-over-year
y-o-y
  • February '24 Feb '24 $740,000
  • January '24 Jan '24 $664,000
  • December '23 Dec '23 $431,100
  • November '23 Nov '23 $460,000
  • October '23 Oct '23 $605,000
  • September '23 Sep '23 $485,625
  • August '23 Aug '23 $542,500
  • July '23 Jul '23 $586,000
  • June '23 Jun '23 $526,000
  • May '23 May '23 $600,000
  • April '23 Apr '23 $392,500
  • March '23 Mar '23 $510,500
Median Down Payment i
$253,135
(Feb 2024)
+15.3%
year-over-year
y-o-y
  • February '24 Feb '24 $253,135
  • January '24 Jan '24 $278,125
  • December '23 Dec '23 $86,220
  • November '23 Nov '23 $92,000
  • October '23 Oct '23 $165,000
  • September '23 Sep '23 $99,075
  • August '23 Aug '23 $157,500
  • July '23 Jul '23 $224,750
  • June '23 Jun '23 $140,000
  • May '23 May '23 $181,750
  • April '23 Apr '23 $99,775
  • March '23 Mar '23 $88,000
Number of Homes Sold i
31
(Feb 2024)
+34.8%
year-over-year
y-o-y
  • February '24 Feb '24 31
  • January '24 Jan '24 33
  • December '23 Dec '23 42
  • November '23 Nov '23 36
  • October '23 Oct '23 30
  • September '23 Sep '23 37
  • August '23 Aug '23 37
  • July '23 Jul '23 44
  • June '23 Jun '23 43
  • May '23 May '23 43
  • April '23 Apr '23 39
  • March '23 Mar '23 41
Number of Purchase Loans i
17
(Feb 2024)
+112.5%
year-over-year
y-o-y
  • February '24 Feb '24 17
  • January '24 Jan '24 9
  • December '23 Dec '23 9
  • November '23 Nov '23 16
  • October '23 Oct '23 6
  • September '23 Sep '23 16
  • August '23 Aug '23 13
  • July '23 Jul '23 21
  • June '23 Jun '23 26
  • May '23 May '23 18
  • April '23 Apr '23 23
  • March '23 Mar '23 26
Number of REFI Loans i
20
(Feb 2024)
-20%
year-over-year
y-o-y
  • February '24 Feb '24 20
  • January '24 Jan '24 14
  • December '23 Dec '23 20
  • November '23 Nov '23 23
  • October '23 Oct '23 22
  • September '23 Sep '23 17
  • August '23 Aug '23 20
  • July '23 Jul '23 12
  • June '23 Jun '23 22
  • May '23 May '23 24
  • April '23 Apr '23 12
  • March '23 Mar '23 17
Number of HELOC Loans i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 6
  • October '23 Oct '23 9
  • September '23 Sep '23 8
  • August '23 Aug '23 2
  • July '23 Jul '23 9
  • June '23 Jun '23 5
  • May '23 May '23 9
  • April '23 Apr '23 7
  • March '23 Mar '23 6

Cape May, NJ Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value

Cape May, NJ Foreclosure Activity

There were a total of 3 Cape May, NJ properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
3
(Feb 2024)
+50%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 N/A
  • December '23 Dec '23 3
  • November '23 Nov '23 2
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 4
  • June '23 Jun '23 1
  • May '23 May '23 5
  • April '23 Apr '23 5
  • March '23 Mar '23 6
Foreclosure Starts i
2
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 1
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 4
  • April '23 Apr '23 3
  • March '23 Mar '23 3
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