LBI Real Estate Daily Market Update November 7th 2024

High Tides Digital Marketing
Nov 8, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for November 7th 2024

LBI Real Estate Daily Market Update November 7th 2024

Long Beach Island Real Estate Sales Market Update November 7th 2024

Today's LBI real estate market update showed only 6 changes to the MLS, but the trends that we have been seeing prevailed once again. Pending sales have been on the rise, and they have been absorbing the inventory of homes for sale. There have been fewer new listings entering the Long Beach Island real estate market, and with demand still being strong, we will likely see the supply of homes fall. Activity in the LBI real estate market was as follows:

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

LBI Real Estate Daily Market Update November 7th 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	Property Type	Current Price
New Active	NJOC2029952	901 Ocean #926	Ship Bottom	LBI Real Estate Market	Condo	$1,200,000
Price Decrease	NJOC2026560	8 W 77th St	Harvey Cedars	LBI Real Estate Market	Single Family Home	$1,499,000
Price Decrease	NJOC2029354	12 E 45th St.	Long Beach Township	LBI Real Estate Market	Single Family Home	$2,399,999
Active Under Contract	NJOC2026786	1 E 14th St	Barnegat Light	LBI Real Estate Market	Single Family Home	$1,999,000
Active Under Contract	NJOC2029610	334 Leeward Avenue	Beach Haven	LBI Real Estate Market	Single Family Home	$2,500,000
Pending	NJOC2029286	901 Ocean Ave #1ST/914	Ship Bottom	LBI Real Estate Market	Condo	$1,300,000

Today's real estate market on Long Beach Island displayed diverse activity across various home and property types. Although single-family homes dominated the scene, there was a condo in Ship Bottom that went under contract and another that came on the marketThis week has seen a notable number of pending sales in the LBI market, which highlights the growing confidence buyers have in the Long Beach Island, NJ real estate landscape. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.