Barnegat Light Real Estate Market Report 2024 (LBI)
- Nathan Colmer
- 20 hours ago
- 3 min read
2024 Barnegat Light Real Estate Market Update | LBI Sales, Prices & $/SF
Read the full 2024 recap for Barnegat Light real estate on LBI—sales count, average price, median, $/SF, list‑to‑close trends, and notable transactions. You can gain insight into the Long Beach Island real estate market and how sales performed in 2024 and beyond.
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: 2024 Snapshot
Number of closed sales: 26 transactions.
Total sales volume: $50.28M.
Average sale price: $1,933,923 (median $1,950,000).
Average list‑to‑close ratio: 98.19%—buyers paid much closer to asking vs. 2023.
Average finished size (sold): ~2,134 sq. ft.
Average price per square foot (weighted): $906/SF
(simple mean across listings: ~$967/SF; median: ~$857/SF).
At/over asking sales: 11; Under asking: 15.
Newer construction (2020+ share): ~30.8% of 2024 closings.
What Sold in Barnegat Light (2024)
Highest sale: 12 E 20th St at $2,599,000.
Top 3 by price: 12 E 20th St ($2.599M), 2408 Bayview Ave ($2.575M), 1608 Bayview Ave ($2.499M).
Highest $/SF: 2 W 12th St at ~$1,566/SF.
Entry point (lowest sale): 2105 Central Ave at $900,000.
2024 Market Dynamics on LBI’s North End
Demand strengthened in 2024: sales count rose, buyers paid closer to ask, and the weighted $/SF climbed to ~$906, signaling willingness to pay a premium for renovated and new‑build opportunities near the lighthouse, the ocean, and the bay. Notably, the share of newer homes (2020+) increased to ~31%, bringing modern floor plans and amenity packages that help push neighborhood pricing.
Year‑Over‑Year Barnegat Light Real Estate Market Trends
Average price: +10.8% vs. 2023.
Sales count: +9 transactions year‑over‑year (26 vs. 17).
Weighted $/SF: +9.3% year‑over‑year.
In today’s Barnegat Light market, sellers who price within just 1–2% of the most relevant comps consistently attract the strongest buyers, with list‑to‑close ratios pushing toward 98% and above. Homes offering turn‑key condition and well‑designed outdoor living spaces continue to command premium price‑per‑square‑foot figures, reinforcing the value of thoughtful updates. Buyers should be prepared for near‑ask outcomes on the most desirable properties and ensure pre‑approval and proof of funds are ready from the outset. For those prioritizing low‑maintenance ownership and long‑term stability, newer builds from 2020 onward remain an especially smart segment to target.
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
