Is Strathmere, NJ 08248 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Strathmere is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Strathmere housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Cape May County, NJ

Population	266
Median income	$108,953
Average income	$129,749
Median home value	$1,089,300
Owner-occupied	93% of homes
Median year built	1959

Natural hazard riskFlooding (relatively high), hurricanes (relatively high), extreme heat (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 08248; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 08248

Prefilled for 08248Can I win this house?Multiple-offer likelihood for a listing Prefilled for 08248Over-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 08204Seller’s market $536 /sq ft Cape May Court House 08210Seller’s market $283 /sq ft Cape May Point 08212Seller’s market $973 /sq ft Browse all markets →

Where Strathmere is

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Questions about Strathmere real estate

What are property taxes in Strathmere?

About 0.88% of a home’s value a year in Cape May County, where towns range from 0.35% to 1.58%, or roughly $3,512 on a $400,000 home.

Local agents

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More tools for 08248

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Cape May County property taxes Cape May County loan limits Closing costs in New Jersey Hottest ZIP codes in New Jersey

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