Cape May County’s home values are up from last year, with the typical home value rising about 12 percent year over year in July 2026. Homes are also moving faster, as median days on market dropped sharply compared with a year ago. Even with this price growth, local values are still somewhat higher than the New Jersey statewide median sale price.
In the latest month, the typical home value in Cape May County was about $673,000, while the median list price was roughly $788,000. Inventory tightened modestly, with active listings down nearly 9 percent year over year and sitting at just over 1,200 homes, and months of supply at 4.6 points to a neutral market where neither buyers nor sellers have a clear upper hand.
Sales activity shows a mixed picture, as homes sold in July increased about 8 percent compared with last year, yet new listings fell nearly 13 percent and pending sales dropped about 15 percent year over year. Roughly 15 percent of homes sold above list price and the average sale-to-list ratio hovered near 97 percent, signaling that many sellers are still achieving prices close to asking, but bidding wars are not widespread. With conditions shifting and data differing from statewide trends, both buyers and sellers in Cape May County can benefit from Agent Pronto’s help in finding an experienced local agent to guide their next move.
