Cape May entered September with $75.6 million in residential sales, surpassing previous years and needing fewer transactions to set the pace
Forty-nine homes changed hands through Aug. 31, down from 54 in 2025.
But the median sale price jumped 30% to $1.3 million. The average climbed 23% to $1.54 million.
Those gains lifted total volume 11% above the $67.8 million recorded through August 2025.
The market didn’t need a record-breaking closing to get there. In fact, its highest sale reached $3.8 million, slightly below the $3.9 million leader from the comparable 2025 period.
Instead, more higher-priced transactions spread across the market.
Twenty-nine homes sold for at least $1 million, up from 25 last year. Thirteen reached $2 million, compared with nine.
Those million-dollar sales generated $60.1 million, nearly 80% of the city’s residential volume.
CONTINUE YOUR BRIEFING
The Jersey Shore’s Real Luxury Levels, Laid Bare
Ocean City Tops $500 Million in 2026 Home Sales
Cape May, like many Jersey Shore neighbors, has seen residential prices rise in recent years.
Through August 2024, Cape May recorded 41 sales totaling $47.6 million. Its median sale price stood at $900,000.
In two years, the median has climbed 44%.
Leave a Reply