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Sheriff Sale Homes in Cape May, NJ

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Cape May, NJ Foreclosures

How much do homes sell for in Cape May, NJ?
The average home price is currently $1,033,064.
In Cape May, NJ, how many homes are available?
There are currently 2 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 $35,164,894.
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 renowned for its stunning beaches, historic Victorian architecture, and vibrant community life. This coastal town offers a unique blend of leisure and charm, making it a popular destination for both residents and tourists. With access to excellent schools and a variety of local amenities, Cape May provides an idyllic setting for families and individuals alike.

Current Market Conditions in Cape May, NJ

The current real estate market in Cape May shows a mix of stability and growth, with a steady demand for both vacation homes and year-round residences. The appeal of Cape May's coastal lifestyle and historical significance attracts homebuyers, leading to a competitive market environment. However, inventory levels are gradually increasing, which may create more opportunities for potential buyers.

Trends indicate that properties are selling faster than the national average, with waterfront and Victorian-style homes particularly sought after. This demand is driven by retirees looking for a second home, as well as young families attracted to the area’s local charm and community vibe.

Home Value Estimator For Cape May, NJ

There are currently 8,288 real estate properties in Cape May, NJ, with a median automated valuation model (AVM) price of $798,425.00. 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 $1,033,064.00, with the most expensive house in Cape May, NJ, topping out at $35,164,894.00 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.

Cape May, NJ Sheriff Sale Homes


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