Skip to content
Skip to content
TopHapOpen in map

ZIP 08248

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.New JerseyBuyer's market
Market temperatureA 0 to 100 score comparing this area with every similar area nationwide each month. 0 is the strongest buyer's market, 100 the strongest seller's market.Buyer's market · 38
Buyer's marketBalancedSeller's market
$1.5M
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
13
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$1.3M
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Apr 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Market temperature (0–100)How the 0 to 100 market score moved over time. It blends price growth, sales pace, how often homes change hands, and seller profits.Temperature
20162018201920202022202320252026
Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
20162018201920202022202320252026
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
20162018201920202022202320252026
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
20162018201920202022202320252026
Sale premium vs estimated valueHow sale prices compare with our estimated values at the time of sale. Above the dashed line, homes sold for more than the models expected — a sign of competitive bidding. Below it, buyers paid under model value.Premium
20162018201920202022202320252026
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
20162018201920202022202320252026
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
20162018201920202022202320252026
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
20162018201920202022202320252026
Sellers who sold at a gainThe share of sellers each month who sold for more than they originally paid.Sold at gain
20162018201920202022202320252026
Typical hold before sellingThe middle number of years sellers owned their home before selling.Median hold
20162018201920202022202320252026
Median annualized return at resaleThe middle yearly gain sellers earned, spread across the years they owned the home. Only counts homes held at least a year.Annualized gain
20162018201920202022202320252026
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
2017201820192023

Housing Stock

HomesHow many homes we have records for in this area.488
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$1.3M
Median sizeThe middle home size here, measured in square feet.1,693 ft²
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1962
Single familyThe share of homes here that are single-family houses.98%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.73%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.3.3%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.7.0%
Company ownedThe share of homes owned by a company or trust instead of a person.24%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.24%
Typical ownership tenureHow long the typical owner here has held their home.22.7 yrs

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How ZIP 08248 compares

By median home value, ZIP 08248 is the 5th most expensive of 14 ZIP codes in Cape May County, and its typical home is worth more than 75% of all homes in Cape May County.

Home values in ZIP 08248

Share of homes at each estimated value.

Median
$478K$3.2M
ZIP codes in Cape May County ranked by median home value
#Cape May CountyMedian valueHomes
1Avalon 08202$2.9M6,418
2Stone Harbor 08247$2.7M3,072
3Cape May Point 08212$1.8M692
4Sea Isle City 08243$1.4M7,551
508248$1.3M488
6Ocean City 08226$1.2M19,862
7Cape May 08204$683K12,694
8Wildwood 08260$600K21,415
9Ocean View 08230$514K1,999
10Cape May Court House 08210$492K9,645
11Rio Grande 08242$417K1,508
12Marmora 08223$409K1,797
13Villas 08251$385K6,260
14Woodbine 08270$342K3,642

About the ZIP 08248 market

What is the median home price in ZIP 08248, NJ?

The median sale price in ZIP 08248, NJ is $1,533,183 (data through April 2026), based on deeds recorded with the county.

How many homes sell in ZIP 08248, NJ each year?

13 homes sold in ZIP 08248, NJ over the last 12 months (data through April 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

Is ZIP 08248, NJ a buyer's or seller's market?

ZIP 08248, NJ is currently a buyer's market, scoring 38 out of 100 on TopHap's market temperature index (data through April 2026). The score weighs sales velocity and price direction; above 60 favours sellers, below 40 favours buyers.

How many homes are there in ZIP 08248, NJ?

ZIP 08248, NJ contains 488 residential properties, with a median of 1,693 square feet, built around 1962. The median TopHap Estimate is $1.3M.

How does ZIP 08248, NJ compare to the rest of Cape May County?

By median home value, ZIP 08248, NJ is the 5th most expensive of 14 ZIP codes in Cape May County. Its typical home is worth more than 75% of all homes in Cape May County. Sea Isle City 08243 ranks just above it and Ocean City 08226 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in ZIP 08248, NJ?

7% of homes in ZIP 08248, NJ are owner-occupied. 24% are held by a company rather than an individual.

How much equity do owners in ZIP 08248, NJ hold?

73% of mortgaged homes in ZIP 08248, NJ are equity-rich, meaning the loan balance is under half the home's value. 3.3% owe more than the home is worth.

Browse addresses

Every street and address TopHap holds is browsable by state, county and city. Browse New Jersey property records.

Explore ZIP 08248 on the map

See every recorded sale, price heat map, school zone and flood overlay across ZIP 08248 in TopHap’s interactive 3D map.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map