Cape May, NJ Foreclosures
How much do homes sell for in Cape May, NJ?
The average home price is currently $990,459.
In Cape May, NJ, how many homes are available?
There are currently 122 active home listings available in Cape May.
What’s the average rental cost in Cape May, NJ?
The average rental price in Cape May is $1,577.
What is the most expensive home in Cape May?
The most expensive home sold in Cape May had a price of $11,500,000.
What is currently the cheapest priced home in Cape May, NJ?
The cheapest home for sale in Cape May is priced at $16,404.
Living in Cape May, NJ
Cape May, NJ is a picturesque coastal town with beautiful beaches and Victorian-style homes. Known for its historical charm and vibrant community spirit, it offers a variety of recreational activities, excellent educational institutions, and a friendly atmosphere. Visitors and residents can enjoy stunning sunsets, quaint shops, and delightful dining options throughout the year.
Current Market Conditions in Cape May, NJ
Cape May's real estate market has shown resilience, with steady interest in both seasonal and year-round properties. The market is characterized by a mix of historic homes and modern luxury condominiums, appealing to diverse buyers. The demand for properties near the beach remains high, particularly for vacation rentals, which contribute to the healthy market dynamics.
In recent months, home prices have seen slight fluctuations, with a general upward trend in desirable neighborhoods. Inventory levels have tightened, leading to competitive offers on well-located properties. Many buyers are drawn to the area's unique charm, which fuels ongoing interest and sales. “],
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Home Value Estimator For Cape May, NJ
There are currently 7,958 real estate properties
in Cape May, NJ,
with a median automated valuation model (AVM) price
of $788,060.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cape May, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Cape May, NJ,
is $990,459.00, with the most expensive house
in Cape May, NJ, topping out
at $11,500,000.00 and the cheapest home
in Cape May, NJ,
clocking in at $16,404.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cape May, NJ!
Rent Prices
In Cape May, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cape May, NJ, is on
a rollercoaster ride. The
average rent price in Cape May, NJ,
is $1,577.00. Indeed, when looking to rent in
Cape May, NJ, you can expect to pay as little
as $720.00 or as much
as $3,260.00,
with the average rent median estimated to
be $1,550.00. The good news is that finding
an affordable and desirable property to rent in Cape May, NJ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
