Start Free
All market snapshots / 08204

Cape May, NJ 08204 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Cape May, NJ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.27
ActiveActive listings: 3030PendingPending sales: 88
Cape May, NJ: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $834k$834kSoldMedian sold price (last 6 months): $630k$630k
What homes actually sell for in Cape May, NJ
Distribution of 271 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $435k to $1.1M
$81k to $346k: 21 sales$81k$346k to $610k: 95 sales95sales$610k to $874k: 48 sales$610k$874k to $1.14M: 32 sales$1.14M to $1.4M: 17 sales$1.14M$1.4M to $1.67M: 6 sales$1.67M to $1.93M: 17 sales$1.67M$1.93M to $2.19M: 8 salesMedian $630k

What the numbers say

As of October 26, 2026, Resideline is tracking 30 active listings and 8 pending sales in ZIP code 08204. That pending-to-active ratio of 0.27 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $834,450, while the median of the 271 closed sales Resideline tracked over the last six months was $630,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 08204 for 86 days.

Frequently asked questions

What is the median home price in 08204?

The median closed sale price in Cape May, NJ 08204 was $630,000 over the last six months, based on 271 closed sales tracked by Resideline. The middle half of those sales ranged from $435,000 to $1,100,000.

Is 08204 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 30 active listings in 08204, a pending-to-active ratio of 0.27. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 08204 is currently a faster-moving market.

Nearby ZIP code market data

Full Cape May, NJ housing market report →

Running a deal in 08204? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator · MAO calculator · home appreciation calculator. One address: real estate deal analyzer · rent estimate by address

Run any 08204 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.