Photo: Smallbones · Public domain308 homes sold in Lower Township in the last year, at a typical $762K
Redfin reports Lower Township’s sales by ZIP code, so these figures are for ZIP 08204, which takes in Lower Township and the area around it. Almost every sale is a house. 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 Lower Township homes are listed.
Every place Lower Township 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 Lower Township.
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.
13% of Lower Township’s sales are condos, at $207K more than a house
229 houses and 41 condos sold in the year to May 2026. Condos sell faster.
typical sale · 229 sold in 12 months
- Per square foot
- $468NJ $331
- Days to sell
- 47
- Sold over asking
- 24%
typical sale · 41 sold in 12 months
- Per square foot
- $786NJ $450
- Days to sell
- 42
- Sold over asking
- 24%
Fewer homes sell than before 2022, at 2.5 times the 2016 price
308 sales in the last year, against 520 in 2021 and a low of 228 in 2012. The typical sale went from $300K in 2016 to $762K.
Source: Redfin Data Center, MLS sales; for ZIP 08204, which takes in Lower Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $750K buys in Lower Township
Check a listing against what Lower Township 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 Lower Township are more common than before the pandemic, but 57% fewer homes come up for sale
We read every month of home sales in ZIP 08204 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, 308 sales.
If you’re buying in Lower Township
- Shop in September. It brings about 43 new listings a month, close to the busiest month, with fewer bidding wars (15% over asking).
- Offer under asking. Buyers paid 98% of the list price on average; 25% paid over.
- You’ll usually have time. Only 30% of homes go under contract within two weeks; the typical one takes 46 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 48 a month), but June is the most competitive: 20% of June sales close over asking. August and September offer nearly as much choice with fewer homes bid up (17%). January has the least competition (15%) but only about 29 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than New Jersey
| Lower Township now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 25% | 12% | 31% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 30% | 16% | 37% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 98% | 96.2% | 99.2% | 101.2% |
| Days to sellMedian days from listing to contract | 46 | 76 | 28 | 45 |
85 homes for sale on a typical day
That’s 1.2 times the 2023 low (69), 57% fewer than in 2017–19 and well under 2015’s 317.
Since 2019, houses are up 120%, condos 119%
A house typically sold for $690K in the last year (229 sales), a condo for $897K (41).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 08204, which takes in Lower Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), 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 Lower Township home costs about $4,704 a month
Price: Lower Township’s typical sale, last 12 months. Property tax at Lower Township’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lower Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. January has the fewest, about 29.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $762K home, about $8,740 a year.
Taxes vs. neighborsSchools
The schools grade for Lower Township, from test results, graduation and how much students grow.
Schools in Lower TownshipTypical commute
The average one-way trip to work for people who live in Lower Township.
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.
Erma, North Cape May, Villas and Rio Grande sell for less a square foot; Cape May and West Cape May for far more
The busier markets within 25 miles of Lower Township, 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 | |
|---|---|---|---|---|---|
| Lower Township (ZIP 08204) | 308 | $762K | $543 | 25% | 46 |
| Villas | 212 | $458K | $411 | 23% | 37 |
| Cape May | 86 | $1.2M | $895 | 31% | 42 |
| North Cape May | 72 | $575K | $489 | 31% | 54 |
| Rio Grande | 44 | $452K | $224 | 18% | 118 |
| 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 Lower Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lower Township. People who follow the town see it, and so do people comparing Lower Township with their own town. No commission, no listing fee.
Questions about buying a home in Lower Township
What do homes sell for in Lower Township, NJ?
308 homes sold in the year to May 2026 at a typical $762K, $543 a square foot. Houses sold for about $690K, condos for about $897K.
Is Lower Township a buyer’s or seller’s market?
A seller’s market: 75 homes were for sale in May 2026 and 25 sold, about 2.9 months of supply. Buyers paid 98% of asking on average.
When is the best time to buy in Lower Township?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lower Township?
About 1.2% of a home’s value a year. On a $762K home that’s near $8,740.
Where can I see homes for sale in Lower Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Lower Township’s MLS listings; the search links above open each one filtered to Lower Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 08204, which takes in Lower Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). 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).