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RIO GRANDE, NJ 08242

Real Estate Market Report  ·  Cape May County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The RIO GRANDE, NJ real estate market (08242) currently shows 41 active listings, with 23 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are selling faster, averaging 51 days on market compared to 54 days last year.

The median listing price has fallen 8.5% year-over-year, from $474,990 to $434,590.

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Market Context

Market Context

Population: 3,726  ·  Density: 302.2/mi²  ·  Median household income: $88,853

Typical home value: $316,397  ·  Homeownership: 73.9%

Market Overview

Active Listings
41
⇧ 95.2% vs 21 last year
Pending
23
56% pending ratio
Median Price
$434,590
⇩ 8.5% vs $474,990 last year
Average Price
$430,305
⇩ 7.8% vs $466,810 last year
Days on Market
51
⇩ 5.6% vs 54 days last year

Price Per Square Foot

Median $/sqft
$197
⇩ 12.1% vs $224/sqft last year
Median Home Size
2,103 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 21 last year
  • Days on market: 51 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $434,590 (-8.5% YoY)
  • Average: $430,305 (-7.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.0 miles — 644 listings ($1,117,766,362 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
08242Rio Grande, NJ 082420.0 mi31$14,593,808$461,490$470,768
08251Villas, NJ 082512.2 mi68$34,773,296$426,225$511,372
08204Cape May, NJ 082043.7 mi105$147,333,270$874,750$1,403,174
08212Cape May Point, NJ 082127.0 mi9$19,495,926$2,100,000$2,166,214
08202Avalon, NJ 082029.2 mi67$224,347,892$3,349,000$3,348,476
08246South Seaville, NJ 0824613.0 mi2$464,900$232,450$232,450
08314Delmont, NJ 0831414.1 mi1$434,900$434,900$434,900
08230Ocean View, NJ 0823016.2 mi34$18,736,754$552,450$551,081
08248Strathmere, NJ 0824817.1 mi6$13,213,500$2,110,000$2,202,250
08316Dorchester, NJ 0831618.3 mi2$264,000$132,000$132,000
08329Mauricetown, NJ 0832919.5 mi4$940,000$235,000$235,000
08348Port Elizabeth, NJ 0834820.9 mi1$255,000$255,000$255,000
08226Ocean City, NJ 0822623.0 mi314$642,913,116$1,374,975$2,047,494

Frequently Asked Questions

How many homes are for sale in RIO GRANDE, NJ 08242?

As of September 2026, there are 41 active listings in RIO GRANDE, NJ (zip code 08242), compared to 21 the prior year.

What is the median home price in RIO GRANDE, NJ 08242?

The median listing price in RIO GRANDE, NJ 08242 is $434,590 as of September 2026, a 8.5% decrease from $474,990 the prior year.

How long do homes stay on the market in RIO GRANDE, NJ?

Homes in RIO GRANDE, NJ 08242 spend an average of 51 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in RIO GRANDE, NJ 08242?

Based on current inventory and days-on-market data as of September 2026, RIO GRANDE, NJ 08242 is currently a Balanced Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are selling faster, averaging 51 days on market compared to 54 days last year.

How much can I save on real estate commission in RIO GRANDE, NJ?

With SELL123.com's maximum 3% commission, sellers in RIO GRANDE, NJ 08242 save an estimated $8,692 compared to a typical 5% commission on the median listing price of $434,590. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.