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Homes for Sale Under 500K in Cape May, NJ

188 Homes for Sale

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Cape May, NJ Housing Market Overview

Cape May is a balanced market, giving buyers and sellers room to negotiate. With 5.2 months of supply and homes averaging 99 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

99

Inventory

26

Sep 2021Mar 2024Mar 2026

Median Home Price

$710,000Down 0.17%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
26 Up 0.73%
Newly Listed Homes
15 Up 0.50%
Months of Supply
5.2 Up 3.10%

Housing Demand

Homes Sold
5 Down 0.00%
Sale-to-List Ratio
98.6% Up 2.86%
Homes Sold Above List
20% Up 5.71%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

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  • mls-imgIDX Logo

    Based on information from Bright MLS through Oct 9, 2026, 2:30 PM. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2026 Bright MLS, Inc. All Rights Reserved. Click here for more information

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Cape May, NJ Housing Marketlink qauare
Homes Available icon

188

Homes Available

Median List Price icon

$ 710,000

Median List Price

Avg on Market icon

99 Days

Avg on Market

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