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RIO GRANDE, NJ 08242

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

Market Analysis

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

The RIO GRANDE, NJ real estate market (08242) currently shows 30 active listings, with 12 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are selling faster, averaging 37 days on market compared to 41 days last year.

The median listing price has risen 5.9% year-over-year, from $436,747 to $462,493.

Whether you are buying or selling in RIO GRANDE, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
30
⇧ 130.8% vs 13 last year
Pending
12
40% pending ratio
Median Price
$462,493
⇧ 5.9% vs $436,747 last year
Average Price
$476,325
⇧ 4.3% vs $456,624 last year
Days on Market
37
⇩ 9.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$197
⇩ 19.9% vs $246/sqft last year
Median Home Size
2,313 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 30 this year vs 13 last year
  • Days on market: 37 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $462,493 (+5.9% YoY)
  • Average: $476,325 (+4.3% 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 July 2026, there are 30 active listings in RIO GRANDE, NJ (zip code 08242), compared to 13 the prior year.

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

The median listing price in RIO GRANDE, NJ 08242 is $462,493 as of July 2026, a 5.9% increase from $436,747 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 37 days on the market before going under contract, compared to 41 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 July 2026, RIO GRANDE, NJ 08242 is currently a Balanced Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are selling faster, averaging 37 days on market compared to 41 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 $9,250 compared to a typical 5% commission on the median listing price of $462,493. 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.