Barnegat Light Real Estate Market Report 2023 (LBI)
- Nathan Colmer
- 23 hours ago
- 2 min read
Barnegat Light Real Estate Market Report 2023 (LBI)
Barnegat Light Real Estate Market Report 2023 | LBI Home Sales & Trends
See how Barnegat Light real estate on LBI performed in 2023—number of sales, average price, $/SF, list‑to‑close trends, and top home sales. The LBI real estate home sale market had a strong year in 2023 and Barnegat Light was no exception.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Barnegat Light on LBI: 2023 Snapshot
Number of closed sales: 17 residential transactions.
Total sales volume: $29.66M.
Average sale price: $1,744,900 (median $1,700,000).
Average list‑to‑close ratio: 96.25% (on average, homes sold at ~96% of list).
Average finished size (sold): ~2,201 sq. ft.
Average price per square foot (weighted): $829/SF
(weighted by square footage; simple mean across listings: ~$893/SF; median: ~$802/SF).
At/over asking sales: 5; Under asking: 12.
Newer construction (2020+ share): ~17.6% of 2023 closings.
What Sold in Barnegat Light (2023)
Highest sale: 11 E 28th St at $3,000,000.
Top 3 by price: 11 E 28th St ($3.0M), 22 E 10th St (~$2.48M), 1604 Bayview Ave ($2.45M).
Highest $/SF: 11 E 28th St at ~$2,027/SF.
Entry point (lowest sale): 700 Broadway #5 at $460,000 (condo).
Key Takeaways for 2023
Barnegat Light (on Long Beach Island / LBI) remained a high‑demand, low‑inventory submarket in 2023. Prices held firm, with the average sale near $1.75M and a strong $829/SF weighted average, reflecting the premium for prime North‑End locations and renovated or newer homes. Most properties still required competitive offers (though primarily under ask), while select trophy listings pushed ultra‑premium $/SF.
If your goal is to buy, sell, or invest wisely in the LBI real estate market, experience and local insight are essential. I'm Nathan Colmer, a Long Beach Island real estate agent with more than two decades of experience selling homes on the island, with a specialized focus on investment properties and second homes.
Because I personally invest in LBI real estate, I understand the financial considerations, risks, and opportunities unique to this market. From evaluating rental performance to identifying long-term value, I help clients develop clear, strategic plans—whether they're purchasing a vacation rental, expanding an investment portfolio, or positioning a property for sale.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
