YOUR GUIDE TO INVESTING ON LBI

2025 started off on a strong note with an average of about a home sale a day! LBI real estate transactions were as follows:

Single Family Homes

28 Homes Sold

• Average Price: $2,261,480

• Average Percentage of Listing Price: 96.7%

• Average Days on Market: 53

Condominiums

3 Condo Sold

• Average Price: $1,553,333

• Average Percentage of Listing Price: 97%

• Average Days on Market: 58

Homes in the Long Beach Island real estate market sold relatively quickly, with an average DOM of 54 days and a maximum of 193 days. This reflects potential buyer interest and demand, particularly for well-priced listings. Homes sold for an average of 94.7% of their original prices and 96.8% of their list prices. These percentages indicate that although negotiation can occur, properties are generally closing at prices close to their market value. Interestingly, some properties exceeded their original pricing, with the maximum sold price recorded at 114.3% of the original list price. This highlights certain desirable listings in the area that attract intense buyer competition, often driving prices up. The LBI real estate market remains vibrant, with a total sales sum of over $61 million from the closed properties. This substantial figure underlines the ongoing demand for homes in the area, despite fluctuations in individual property sales. With an array of options ranging from smaller homes to luxurious waterfront properties, LBI continues to attract diverse buyers. Inventory remains low with around 100 single-family homes on the market.