$3,087 Closing Credit*
$259,999
2,292 SqFt
4 Beds
•1 Full Bath
Farhan Malik, Listing Office: Realmart Realty, LLC
Is Cape May Court House, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cape May Court House was a Buyer's Market.
Key Takeaway
Cape May Court House is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cape May Court House, NJ
How much do homes in Cape May Court House, NJ cost?
Median Sold Price
$458,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,500(+5.4%)
Key Takeaway
Homes in Cape May Court House have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Cape May Court House was $458,000 in November 2024, up 5.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $161K | -24.1% |
| 2 Bedrooms | $295K | $425K | +44.1% |
| 3 Bedrooms | $472.5K | $424.9K | -10.1% |
| 4 Bedrooms | $369.9K | $624.9K | +68.9% |
| 5+ Bedrooms | $945K | $1.3M | +43.0% |
Summary: Cape May Court House housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 44.1%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 68.9%, and 5+ bedroom homes increased by 43%.
Median Sold Price Compared To Nearby Cities
| Middle Township | $394.9K | $458K | +16.0% |
| Cape May Court House | $434.5K | $458K | +5.4% |
Housing Supply in Cape May Court House, NJ
How many homes are available in Cape May Court House, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Cape May Court House real estate market had 26 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cape May Court House housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cape May Court House, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cape May Court House in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cape May Court House, NJ
How long does it take to sell a home in Cape May Court House, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 100 Days | 39 Days | -60.8% |
Summary: Homes in Cape May Court House had an average of 39 days on market in Nov 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cape May Court House has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Cape May Court House; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.