The Cape May housing market is very competitive. The median sale price of a home in Cape May was $913K last month, up 6.7% since last year. The median sale price per square foot in Cape May is $1.02K, up 21.0% since last year.
What is the housing market like in Cape May today?
In June 2025, Cape May home prices were up 6.7% compared to last year, selling for a median price of $913K. On average, homes in Cape May sell after 16 days on the market compared to 61 days last year. There were 10 homes sold in June this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$912,500
+6.7% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Cape May, NJ
$912,500
+6.7%
United States
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How hot is the Cape May housing market?
Cape May is very competitive. Homes sell in 16.5 days.
0
100
80
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% below list price and go pending in around 17 days.
Hot homes
can sell for around list price and go pending in around 10 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Cape May housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cape May.
Flood Factor - Extreme
94% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cape May has an extreme risk of flooding. 3,146 properties in Cape May are likely to be
severely affected
by flooding over the next 30 years. This represents 94% of all properties in Cape May. Flood risk is increasing faster than the national average.
90% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cape May has a moderate risk of wildfire. There are 4,003 properties in Cape May that have some risk of being affected by wildfire over the next 30 years. This represents 90% of all properties in Cape May.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Cape May has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Cape May is most at risk from hurricanes. 4,414 properties in Cape May have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 145 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 165 mph.