What are current home values in Cape May, NJ?

The median home value in Cape May, NJ is $742,706 as of July 2026. This represents a 0.9% increase compared to last month and a 7.1% increase year-over-year.

How have home values changed in Cape May, NJ?

Home values in Cape May, NJ have increased by 0.9% month-over-month and 7.1% year-over-year.

How do home values in Cape May, NJ compare to Cape May County, New Jersey, and the national average?

The median home value in Cape May, NJ ($742,706) compares to: Cape May County ($807,930), New Jersey ($584,072), and the U.S. national median ($371,774).

Cape May, NJ Housing Market

$742,706

7.1% 1-yr

The average Cape May, NJ home value is $742,706, up 7.1% over the past year, and homes go to pending in around 28 days. (Updated on 7/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Cape May Key Takeaways

Typical Home Values: $742,706

1-Year Value Change: +7.1%

(Data through July 31, 2026)

Cape May Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 109 (July 31, 2026)

New Listings: 34 (July 31, 2026)

Median Sale to List Ratio: 0.986 (June 30, 2026)

Median Sale Price: $713,317 (June 30, 2026)

Median List Price: $882,333 (July 31, 2026)

Percent of Sales Over List Price: 31.3% (June 30, 2026)

Percent of Sales Under List Price: 59.5% (June 30, 2026)

Median Days to Pending: 28 (July 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Cape May

NameMedian ZHVI
North Cape May$582,373
West Cape May$1,328,327
Erma$440,680
Diamond Beach$863,767
Wildwood Crest$793,992
West Wildwood$559,306
Whitesboro$367,167
Burleigh$436,975
Goshen--

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Cape May Homes for Sale

1005 Pittsburgh Ave #106

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Cape May Rental Market Trends

Average Rent: --

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.