2024 Ship Bottom Real Estate Market Report
- Nathan Colmer
- 2 hours ago
- 3 min read
2024 Ship Bottom Real Estate Market and Long Beach Island New Jersey Real Estate Market Report
The Long Beach Island (LBI) Real Estate Market in 2024
The LBI real estate market in 2024 continued to demonstrate strong buyer demand fueled by limited inventory, competitive pricing, and the enduring appeal of coastal living. Ship Bottom real estate, centrally located and highly accessible, remained one of the Island’s most active submarkets. A blend of renovated older homes, mid‑sized single‑family properties, and newer elevated construction helped drive consistent buyer engagement. As ocean and bay proximity retained their premium, 2024 showcased how value and lifestyle intersected across LBI, supporting steady sales volume and price stability in the Ship Bottom real estate market.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Ship Bottom Real Estate: 2024 Market Overview
Overall Pricing Performance
In 2024, Ship Bottom recorded 59 closed residential sales. The average sales price reached $1,217,339, while the median was $999,000, reflecting a market centered in the upper‑mid price tier with meaningful movement at both ends of the spectrum. The lowest 2024 closing was $249,000, while the highest sale was $2,600,000, showcasing the breadth of product types across the borough.
Price‑Per‑Square‑Foot (PPSF) Analysis
The 2024 average PPSF was $864.20, with a median PPSF of $841.65. Many sales clustered in the mid‑$700s to mid‑$900s per square foot range, reflecting the strong influence of location, updated construction, and lot configuration. Properties east of Long Beach Boulevard and renovated or newer homes consistently achieved higher PPSF results.
Sales Volume & Market Spread
Ship Bottom’s 2024 total closed‑sales volume exceeded $71.8 million, emphasizing steady buyer activity across all seasons. Price distribution for the year included: - 3 sales under $500k - 7 sales between $500k–$750k - 20 sales between $750k–$1M - 12 sales between $1M–$1.5M - 10 sales between $1.5M–$2M - 7 sales between $2M–$3M No properties closed above $3M in this dataset. The concentration of activity between $750k and $1.5M highlights buyer preference for modernized or well-located midsize homes.
Living Area & Property Characteristics
The average home size for 2024 closings was 1,468 sq ft, with a median of 1,392 sq ft—a typical footprint for Ship Bottom’s collection of capes, ranches, duplex-style condos, and rebuilt single‑family homes.
Bedroom distribution further illustrates this mix:
0-bedroom: 2 sales
1-bedroom: 2 sales
2-bedroom: 10 sales
3-bedroom: 21 sales
4-bedroom: 16 sales
5-bedroom: 6 sales
6- and 7-bedroom: 1 sale each
Three‑ and four‑bedroom homes dominated the market, aligning with Ship Bottom’s role as a family-friendly central hub.
When Were Homes Built in the Ship Bottom Real Estate Market?
The median year built was 1977, underscoring Ship Bottom’s established housing inventory. However, 32.2% of all 2024 closings involved homes built after 2000, demonstrating a strong appetite for elevated newer construction that meets modern flood, efficiency, and comfort standards. Newer properties routinely commanded higher PPSF and achieved tighter list‑to‑sale ratios.
Throughout 2024, Ship Bottom properties sold for an average of 95.77% of the list price, with the median ratio nearly identical. This indicates that sellers who priced correctly captured strong interest while buyers showed willingness to act decisively on well‑positioned listings. Over‑ask outcomes remained possible for turnkey homes or properties in premium micro‑locations.
2024 Ship Bottom Real Estate Market and Long Beach Island New Jersey Real Estate Market Report
The Ship Bottom real estate market in 2024 demonstrated remarkable balance across price tiers and property types, supported by strong buyer interest and consistently tight pricing. Mid‑sized homes in the $750k–$1.5M range led the market, while premium properties up to $2.6M also saw meaningful velocity. With stable PPSF performance, a healthy distribution of sales, and ongoing demand for renovated or newer homes, Ship Bottom confirmed its position as one of the most reliable and sought‑after submarkets within the greater LBI real estate landscape.
If you're buying, selling, or investing in the LBI real estate market, I offer the local expertise and strategic guidance needed to succeed. I'm Nathan Colmer, a Long Beach Island real estate agent with over 20 years of experience helping clients navigate the island's highly specialized market, particularly with second homes and investment properties.
As an active investor in LBI real estate, I provide firsthand insight into ownership, rental potential, and long-term value. Whether you're searching for a vacation home or preparing to sell, I deliver personalized strategies and trusted local knowledge to help you move forward with confidence.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
