Holgate Real Estate Market Report — 2023
- Nathan Colmer
- 15 hours ago
- 4 min read
Holgate Real Estate Market and LBI NJ Real Estate Market Report — 2023
LBI Real Estate Market Overview
As the broader real estate market across the country began to cool in 2023, Long Beach Island remained an outlier. Buyers continued to pursue coastal homes with enthusiasm, and the island’s tight inventory ensured that pricing remained resilient even as national trends pointed toward moderation. Holgate, in particular, continued to stand out as one of LBI’s most competitive and desirable neighborhoods. Its quiet residential character, modern housing stock, beach proximity, and unspoiled natural environment contributed to a year of strong performance and high buyer confidence.
Throughout 2023, the LBI market favored homes that required minimal renovation or that offered updated coastal layouts. As more buyers prioritized outdoor living and multi‑functional spaces, Holgate’s newer and renovated homes positioned the neighborhood extremely well for ongoing appreciation.
Holgate Real Estate 2023 Key Statistics
Holgate recorded 25 closed sales, a fairly typical volume for the neighborhood’s evolving supply levels.
Average sale price: $1,997,496
Median sale price: $1,948,500
Average PPSF: $1,142/SqFt
Median PPSF: $1,142/SqFt
The numbers tell a clear story: Holgate’s luxury identity was firmly cemented in 2023. Price‑per‑square‑foot values exceeding $1,100 placed the community among the top performers not only on LBI, but across many regional beach markets.
15 W Harding Ave | Long Beach Township | Holgate | 2/16/2023 | $1,695,000.00 | $1,695,000 | $584.48 |
19 W Roosevelt Ave | Long Beach Township | Holgate | 3/3/2023 | $1,995,000.00 | $1,975,000 | $822.92 |
1 W Joshua | Long Beach Township | Holgate | 3/9/2023 | $1,549,000.00 | $1,549,000 | $674.06 |
4911 S Long Beach Blvd | Long Beach Township | Holgate | 3/16/2023 | $3,995,000.00 | $3,700,000 | $1,061.69 |
3101 S Long Beach Blvd S #0840 - UNIT 4 U | Long Beach Township | Holgate | 3/20/2023 | $979,000.00 | $960,000 | $1,142.86 |
2803 Long Beach Boulevard S | Beach Haven | Holgate | 4/7/2023 | $4,995,000.00 | $4,700,000 | $1,075.76 |
3805 Long Beach Blvd | Long Beach Township | Holgate | 4/25/2023 | $1,899,000.00 | $1,899,000 | $1,141.23 |
22 Harding | Long Beach Township | Holgate | 4/28/2023 | $1,895,000.00 | $1,975,000 | $681.03 |
17 W Harding Ave | Long Beach Township | Holgate | 5/15/2023 | $1,950,000.00 | $1,850,000 | $637.93 |
101 Starr Ave | Long Beach Township | Holgate | 5/17/2023 | $1,749,000.00 | $1,625,000 | $708.99 |
4302 S Long Beach Blvd | Long Beach Township | Holgate | 5/22/2023 | $3,049,000.00 | $3,035,910 | $919.97 |
26 W Harding Ave | Long Beach Township | Holgate | 5/26/2023 | $1,890,000.00 | $2,036,000 | $702.07 |
83 W Tebco #C | Long Beach Township | Holgate | 6/6/2023 | $1,999,995.00 | $1,948,500 | $797.91 |
83 W Tebco #D | Long Beach Township | Holgate | 6/8/2023 | $1,999,995.00 | $1,935,000 | $792.38 |
10 W Pershing Ave | Long Beach Township | Holgate | 7/6/2023 | $2,295,000.00 | $2,295,000 | $819.64 |
26 Rosemma | Long Beach Township | Holgate | 7/21/2023 | $2,399,999.00 | $2,350,000 | $959.18 |
10 W Joan Rd | Long Beach Township | Holgate | 8/4/2023 | $1,499,000.00 | $1,475,000 | $929.43 |
25 W Julia Ave | Long Beach Township | Holgate | 8/18/2023 | $1,249,000.00 | $1,150,000 | $768.72 |
15 Cleveland Ave | Long Beach Township | Holgate | 8/29/2023 | $2,459,000.00 | $2,300,000 | $944.95 |
5111 West | Long Beach Township | Holgate | 8/31/2023 | $1,350,000.00 | $1,250,000 | $478.19 |
13 Cleveland Ave | Long Beach Township | Holgate | 9/6/2023 | $2,349,000.00 | $2,459,000 | $1,010.27 |
4405 Long Beach Blvd | Long Beach Township | Holgate | 9/20/2023 | $3,800,000.00 | $3,000,000 | $967.74 |
6 W McKinley Ave. | Long Beach Township | Holgate | 10/13/2023 | $1,499,000.00 | $1,325,000 | $766.78 |
4000 Julia Ln | Long Beach Township | Holgate | 10/20/2023 | $2,390,000.00 | $2,300,000 | $1,032.32 |
12 Harding Ave #UNIT WEST | Long Beach Township | Holgate | 10/26/2023 | $1,150,000.00 | $1,150,000 | $615.30 |
120 W Yarmouth Ct | Long Beach Township | Holgate | 11/21/2023 | $2,899,000.00 | $2,700,000 | $1,044.49 |
The 2023 market demonstrated exceptional price stability, even as national conditions began to cool. The presence of numerous modern homes—built or renovated within the past decade—played a major role in supporting Holgate’s values. Buyers showed willingness to pay meaningful premiums for elevated construction, modern exteriors, and homes featuring multi‑level outdoor spaces, pools, and panoramic decks.
One of the most notable shifts was the sustained demand for larger floor plans, especially 4–6-bedroom homes with extended living areas suitable for multi‑generational gatherings or long‑term seasonal stays. Holgate’s inventory includes many such homes thanks to redevelopment over the past 15 years, which has replaced older cottages with modern coastal builds. These properties consistently sold at high valuations, reinforcing the desirability of the neighborhood’s evolving housing profile.
The equal average and median PPSF values—both above $1,100—show that elevated per‑foot pricing was not driven solely by a handful of high‑end sales, but rather reflected a consistent trend across multiple transactions. This suggests a market where premium pricing has become the baseline, not the exception.
Even smaller or older homes benefited from upward pricing pressure. Buyers continued to recognize the inherent value of Holgate’s location at the southern end of the island, where natural landscapes, quiet streets, and close proximity to Beach Haven’s amenities combine to offer an appealing balance of convenience and privacy in the Holgate real estate market.
Holgate Real Estate Market and LBI NJ Real Estate Market Report — 2023
Holgate’s 2023 market showcased remarkable resilience and strong upward pricing momentum. With near‑$2M average sale prices and exceptionally high PPSF figures, the neighborhood demonstrated not only current desirability but also long‑term value stability. As redevelopment continues and inventory remains limited, Holgate is poised to remain one of the standout communities in the LBI real estate landscape.
