Cape May Historic District (Additional Documentation) · Photo: Smallbones · CC086 homes sold in Cape May in the last year, at a typical $1.2M
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cape May homes are listed.
Every place Cape May homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cape May.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Cape May’s sales are condos, at $765K less than a house
39 houses and 24 condos sold in the year to May 2026. Condos sell faster and draw more bidding wars.
typical sale · 39 sold in 12 months
- Per square foot
- $876NJ $331
- Days to sell
- 61
- Sold over asking
- 23%
- Listings with a price cut
- 20%
typical sale · 24 sold in 12 months
- Per square foot
- $1,003NJ $450
- Days to sell
- 29
- Sold over asking
- 38%
- Listings with a price cut
- 24%
Multi-family (2–4 units): 12 sold, typical $1M
Townhouses: 11 sold, typical $1.2M
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 2.2 times the 2016 price
86 sales in the last year, against 199 in 2021 and a low of 75 in 2024. The typical sale went from $536K in 2016 to $1.2M.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $1.2M buys in Cape May
Check a listing against what Cape May homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cape May are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Cape May’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 86 sales.
If you’re buying in Cape May
- Shop in July. It brings about 13 new listings a month, close to the busiest month, with fewer bidding wars (8% over asking).
- Some room to negotiate. 17% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 98.7% of the list price on average; 31% paid over.
- You’ll usually have time. Only 31% of homes go under contract within two weeks; the typical one takes 42 days.
Spring brings the homes; fall brings the bidding wars
March has the most new listings (about 17 a month), but October is the most competitive: 20% of October sales close over asking. June and July offer nearly as much choice with fewer homes bid up (13%). July has the least competition (8%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than New Jersey
| Cape May now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 31% | 9% | 27% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 31% | 12% | 36% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 17% | 16% | 13% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 98.7% | 95.8% | 98.5% | 101.2% |
| Days to sellMedian days from listing to contract | 42 | 110 | 36 | 45 |
25 homes for sale on a typical day
That’s 1.2 times the 2025 low (20), 66% fewer than in 2017–19 and well under 2014’s 153.
1 in 6 listings has cut its price
17% in the last year, against 16% in 2017–19 and 17% across New Jersey.
Since 2019, houses are up 76%, condos 128%
A house typically sold for $1.7M in the last year (39 sales), a condo for $903K (24).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Cape May ranks 242nd of 299 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Cape May is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cape May home costs about $6,847 a month
Price: Cape May’s typical sale, last 12 months. Property tax at Cape May’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cape May is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 7.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $1.2M home, about $8,410 a year.
Taxes vs. neighborsSchools
The schools grade for Cape May, from test results, graduation and how much students grow.
Schools in Cape MayTypical commute
The average one-way trip to work for people who live in Cape May.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
West Cape May, Diamond Beach, Erma, Wildwood Crest, North Cape May and Wildwood sell for less a square foot
The busier markets within 25 miles of Cape May, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Wildwood | 247 | $602K | $428 | 20% | 61 |
| Wildwood Crest | 159 | $781K | $616 | 13% | 57 |
| Cape May | 86 | $1.2M | $895 | 31% | 42 |
| North Cape May | 72 | $575K | $489 | 31% | 54 |
| Diamond Beach | 35 | $963K | $688 | 9% | 40 |
| West Cape May | 34 | $1.4M | $720 | 18% | 124 |
| Erma | 25 | $404K | $252 | 20% | 56 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Cape May, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cape May. People who follow the town see it, and so do people comparing Cape May with their own town. No commission, no listing fee.
Questions about buying a home in Cape May
What do homes sell for in Cape May, NJ?
86 homes sold in the year to May 2026 at a typical $1.2M, $895 a square foot. Houses sold for about $1.7M, condos for about $903K.
Is Cape May a buyer’s or seller’s market?
A buyer’s market: 25 homes were for sale in May 2026 and 1 sold, about 25 months of supply. Buyers paid 98.7% of asking on average, and 17% of listings cut their price.
When is the best time to buy in Cape May?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cape May?
About 0.7% of a home’s value a year. On a $1.2M home that’s near $8,410.
Where can I see homes for sale in Cape May?
Zillow, Redfin, Realtor.com and Homes.com all carry Cape May’s MLS listings; the search links above open each one filtered to Cape May.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).