The typical home value in
Cape May
is projected to be
$1,587,500
for the month of
March.
February’s
finalized data reported the typical value of a home in the
city
to be
$1,500,000—up
95.76%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$800,000
in
Cape May County
for the most recent reporting period.
That number is expected to float around
$770,000
in
March.
Cape May
had
22
active listings in
February,
including
4
new listings. Overall, active listings were
down
0.0%
from the previous month.
Of those
22
active listings,
18.18%
reduced their price in the month of
February.
The median listing price for homes in
Cape May
fell
49.65%
from
January
to
February,
bringing the current median listing price to
$704,950.
Based on projected data for
March,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
February 2026,
the median time for a listed property to go pending was
84
days, compared to
122
days in
February 2025.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
March.
