All Home Types
Cape May, NJ Housing Market
What is the housing market like in Cape May today?
In October 2024, Cape May home prices were up 80.7% compared to last year, selling for a median price of $1.5M. On average, homes in Cape May sell after 17 days on the market compared to 15 days last year. There were 12 homes sold in October this year, up from 9 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,500,000
+80.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Cape May, NJ
$1,500,000
+80.7%
United States
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Cape May Migration & Relocation Trends
In Sep '24 - Nov '24, 27% of Cape May homebuyers searched to move out of Cape May, while 73% looked to stay within the metropolitan area.
- Across the nation, 2% of homebuyers searched to move into Cape May from outside metros.
- New York homebuyers searched to move into Cape May more than any other metro followed by Los Angeles and St. Louis.
Where are people moving to Cape May from?
- 73% of Cape May homebuyers searched to stay within the Cape May metropolitan area.
- Washington was the most popular destination among Cape May homebuyers followed by Boston and Salisbury.
Where are people from Cape May moving to?
Number of People Moving to Cape May
least
most
People are moving to Cape May from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,074 | ||
| 2 | 416 | ||
| 3 | 319 | ||
| 4 | 120 | ||
| 5 | 58 | ||
| 6 | 45 | ||
| 7 | 45 | ||
| 8 | 17 | ||
| 9 | 15 | ||
| 10 | 13 | ||
People are leaving Cape May for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,327 | ||
| 2 | 1,911 | ||
| 3 | 1,482 | ||
| 4 | 1,241 | ||
| 5 | 1,135 | ||
| 6 | 643 | ||
| 7 | 507 | ||
| 8 | 441 | ||
| 9 | 381 | ||
| 10 | 304 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Cape May.
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