Is Cape May, NJ 08204 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Cape May is a seller’s market. With about 2.5 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.5Under 4 months = seller’s market

Sold above original list17.2%Share of sales, last 3 months

Median sale-to-list97.6%Sold price ÷ list price

Median days on market33Listing to accepted offer

Median price per sq ft$536▲ +17.9% vs. last year

Run the numbers for 08204

Prefilled for 08204Can I win this house?Multiple-offer likelihood for a listing Prefilled for 08204Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Avalon 08202Seller’s market $1,427 /sq ft Cape May Court House 08210Seller’s market $283 /sq ft Cape May Point 08212Seller’s market $973 /sq ft Marmora 08223Seller’s market $272 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology