LBI Real Estate Daily Market Update 8/27-2023-9/3/2023

Sep 3, 2023
4 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for 8/27-2023-9/3/2023

LBI Real Estate Daily Market Update 8/27-2023-9/3/2023

Long Beach Island Real Estate Sales Market Update 8/27-2023-9/3/2023

It was a very busy week in the LBI real estate market. In fact, this was one of the most active weeks we have recently seen. For buyers looking for new inventory, this was a week to pay attention to! We saw over 20 new homes hit the market, many of which were "first-time" listings, meaning they had not been listed previously. Activity in the LBI real estate market for the past week was as follows:

21 new listings came up for sale in the LBI real estate market
18 home went under contract on LBI
8 home sold on Long Beach Island
3 homes saw a price reduction in the LBI real estate market

LBI Real Estate Daily Market Update 8/27-2023-9/3/2023

Below is a breakdown of all changes and transactions that took place in the LBI real estate market today.

Last Change Type	MLS #	Address	City	Area	Current Price
Coming Soon	NJOC2020928	5302 Long Beach Blvd #3	Long Beach Township	LBI	$450,000
Coming Soon	NJOC2020786	14 W 19th St	Long Beach Township	LBI	$1,275,000
Coming Soon	NJOC2020784	202 E Chatsworth Ave	Beach Haven	LBI	$1,699,000
Coming Soon	NJOC2020950	18 4th St	Beach Haven	LBI	$1,999,000
Coming Soon	NJOC2020922	1414 Bay Ter	Ship Bottom	LBI	$2,849,000
New Active	NJOC2020856	510 N Bay Ave #104	Beach Haven	LBI	$399,000
New Active	NJOC2020822	7301 Long Beach Blvd #A3	Long Beach Township	LBI	$835,000
New Active	NJOC2020878	510 N Bay Ave #202	Beach Haven	LBI	$999,000
New Active	NJOC2020852	510 N Bay Ave #307	Beach Haven	LBI	$999,000
New Active	NJOC2020858	1 Centre St #23	Beach Haven	LBI	$1,200,000
New Active	NJOC2020970	1600 N Long Beach Blvd	Surf City	LBI	$1,299,000
New Active	NJOC2020900	15 W Rhode Island Ave	Long Beach Township	LBI	$1,495,000
New Active	NJOC2020896	611 S Beach Ave	Beach Haven	LBI	$1,580,000
New Active	NJOC2020938	18 E 9th St	Barnegat Light	LBI	$1,695,000
New Active	NJOC2020714	21 W 87th St	Long Beach Township	LBI	$1,695,000
New Active	NJOC2020724	16 E Wyoming Ave	Long Beach Township	LBI	$1,799,000
New Active	NJOC2020874	25 9th St	Beach Haven	LBI	$1,995,000
New Active	NJOC2020404	2214 Beach Ave	Long Beach Township	LBI	$2,649,000
New Active	NJOC2020966	3 E Surf Ave	Beach Haven	LBI	$2,699,000
New Active	NJOC2020790	14 W 86th St	Harvey Cedars	LBI	$2,900,000
New Active	NJOC2020924	2508 Beach	Long Beach Township	LBI	$3,299,999
Back to Active	NJOC2019346	113 W Indiana	Long Beach Township	LBI	$1,450,000
Back to Active	NJOC2019238	2905 Long Beach	Long Beach Township	LBI	$1,699,000
Back to Active	NJOC2018312	1104-I Long Beach	Long Beach Township	LBI	$1,999,900
Price Decrease	NJOC2020596	510 N Bay Ave #203	Beach Haven	LBI	$869,000
Price Decrease	NJOC2015816	214 2nd St E	Beach Haven	LBI	$2,899,000
Price Decrease	NJOC2020358	813 N Ocean Ave	Surf City	LBI	$3,799,990
Active Under Contract	NJOC2017452	600 N Delaware Ave #7	Beach Haven	LBI	$1,095,000
Active Under Contract	NJOC2020592	10 E 83rd St	Harvey Cedars	LBI	$1,795,000
Active Under Contract	NJOC2019940	12 W 21st St	Barnegat Light	LBI	$1,799,000
Active Under Contract	NJOC2020170	19 N 14th St	Surf City	LBI	$2,299,000
Active Under Contract	NJOC2020920	13 E South 34th St	Long Beach Township	LBI	$2,379,000
Active Under Contract	NJOC2020430	11 E 28th St	Barnegat Light	LBI	$3,195,000
Pending	NJOC2020448	111 E. 28th	Ship Bottom	LBI	$725,000
Pending	NJOC2019866	242 W 15th St	Ship Bottom	LBI	$995,000
Pending	NJOC2020546	220 W 4th St	Ship Bottom	LBI	$1,295,000
Pending	NJOC2015334	108, 110 N Bay Ave	Beach Haven	LBI	$1,350,000
Pending	NJOC2020192	284 W 18th St	Ship Bottom	LBI	$1,350,000
Pending	NJOC2019852	325 Fairview Ave	Beach Haven	LBI	$1,375,000
Pending	NJOC2018610	46 N 25th St	Surf City	LBI	$1,529,000
Pending	NJOC2017382	328 N 13th St	Surf City	LBI	$1,699,000
Pending	NJOC2019602	15 W Muriel Ave	Long Beach Township	LBI	$2,349,000
Pending	NJOC2019302	1606 Bayview Ave	Barnegat Light	LBI	$2,499,000
Pending	NJOC2019304	1608 Bayview Ave	Barnegat Light	LBI	$2,499,000
Pending	NJOC2020196	6809 Norfolk Pl	Harvey Cedars	LBI	$4,750,000
Closed	NJOC2017436	101 W 9th St #108	Ship Bottom	LBI	$775,000
Closed	NJOC2019116	4300-C Long Beach	Long Beach Township	LBI	$800,000
Closed	NJOC2020932	8701 Long Beach Blvd #B	Long Beach Township	LBI	$840,000
Closed	NJOC2018754	7207 Sea Gull Ave	Long Beach Township	LBI	$1,125,000
Closed	NJOC2017424	5111 West	Long Beach Township	LBI	$1,250,000
Closed	NJOC2019032	9000 Beach Ave	Long Beach Township	LBI	$2,250,000
Closed	NJOC2015626	15 Cleveland Ave	Long Beach Township	LBI	$2,300,000
Closed	NJOC2018382	107 E Jeanette	Long Beach Township	LBI	$4,650,000
Expired	NJOC2016840	110 W 18th St	Long Beach Township	LBI	$1,300,000
Expired	NJOC2016642	110 W 18th St	Long Beach Township	LBI	$1,300,000
Expired	NJOC2015742	605 Broadway	Barnegat Light	LBI	$1,395,000
Expired	NJOC2015744	605 Broadway	Barnegat Light	LBI	$1,395,000
Expired	NJOC2015138	7 Pershing	Long Beach Township	LBI	$1,450,999
Expired	NJOC2016234	23 E 38th #A	Long Beach Township	LBI	$1,899,000
Expired	NJOC2016482	3 E Surf Ave	Long Beach Township	LBI	$2,699,000
Expired	NJOC2015014	119 E 19th St	Ship Bottom	LBI	$2,750,000
Expired	NJOC2014286	110 E Jeanette Ave	Long Beach Township	LBI	$3,650,000

We have seen an increase in the number of new homes entering the LBI real estate market, which is normal for this time of year. As we have seen more inventory come up, we have seen an increase in buyer activity as well. This shows us how strong demand really is. When listings come on the market, they sell and tend to sell fast. While there were 21 new listings this week, there were also 18 pending sales, so the net gain to the market was only 3 houses! There are still less than 120 single family homes for sale in the LBI real estate market! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.