LBI Real Estate Daily Market Update May 28th 2024

High Tides Digital Marketing
May 28, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for May 28th 2024

LBI Real Estate Daily Market Update May 28th 2024

Long Beach Island Real Estate Sales Market Update May 28th 2024

Today was a busy day in the Long Beach Island New Jersey real estate market. There are a total of 9 changes to this LBI real estate market update! The majority of this activity was in the form of pending sales, with 5 homes going under contract today. There was only one new listing to offset this market activity, which highlights the major challenge in the LBI real estate market: lack of inventory! Today's market activity was as follows:

1 new listing came up for sale in the LBI real estate market
5 homes went under contract on LBI
1 home sold on Long Beach Island
1 home saw a price reduction in the LBI real estate market

LBI Real Estate Daily Market Update May 28th 2024

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	Zip Code	Current Price
New Active	NJOC2026010	116 E 28th St	Ship Bottom	LBI	Zip Code 08008	$1,599,000
Back to Active	NJOC2024638	125 Herbert Ave	Long Beach Township	LBI	Zip Code 08008	$2,800,000
Price Decrease	NJOC2025380	119 E South Carolina	Long Beach Township	LBI	Zip Code 08008	$3,150,000
Active Under Contract	NJOC2025834	31 W Sand Dune Ln	Long Beach Township	LBI	Zip Code 08008	$999,000
Active Under Contract	NJOC2022930	234 N 6th St	Surf City	LBI	Zip Code 08008	$2,399,000
Pending	NJOC2024772	10 E Nebraska Ave	Long Beach Township	LBI	Zip Code 08008	$2,499,999
Pending	NJOC2023918	15 E 25th St	Long Beach Township	LBI	Zip Code 08008	$2,599,900
Pending	NJOC2023070	3 E Surf Ave	Long Beach Township	LBI	Zip Code 08008	$2,699,000
Closed	NJOC2025392	110 E 23rd Street #8	Ship Bottom	LBI	Zip Code 08008	$860,000

Late May and June tend to see a slight uptick in pending sales as buyers make one more effort to close on a home before the start of the summer season. With most closings taking between 30 and 45 days in the LBI real estate market, it is still very possible to enter into a transaction and be in for the summer season on Long Beach Island! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.