$10,000 Closing Credit*
$975,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: COMPASS NEW JERSEY 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 Last Month
Since last month, Cape May Court House has remained a Seller's Market.
Key Takeaway
Cape May Court House is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cape May Court House, NJ
How much do homes in Cape May Court House, NJ cost?
Median Sold Price
$642,490
$216/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$137,545(+27.2%)
Key Takeaway
Homes in Cape May Court House have sold for 27.2% more than they did a month ago.
Summary: The median home sold price in Cape May Court House was $642,490 in October 2024, up 27.2% from last month, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $487.4K | - | N/A |
| 3 Bedrooms | $524.9K | $367.4K | -30.0% |
| 4 Bedrooms | - | $699.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cape May Court House housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Cape May Court House, NJ
How many homes are available in Cape May Court House, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Cape May Court House real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cape May Court House housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cape May Court House, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Cape May Court House in October 2024, down by 16.7% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 Days | 107 Days | -26.7% |
Summary: Homes in Cape May Court House had an average of 107 days on market in Oct 2024, down by 26.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cape May Court House are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Cape May Court House; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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.