LBI Real Estate Daily Market Update October 25th 2024

High Tides Digital Marketing
Oct 25, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for October 25th 2024

LBI Real Estate Daily Market Update October 25th 2024

Long Beach Island Real Estate Sales Market Update October 25th 2024

The Long Beach Island real estate market was busy today. Today's LBI real estate market update showed a total of 11 changes to the MLS, which is a lot of activity in a single day. As usual, there was a mix of new listings and pending sales, with pending sales showing the most activity. The LBI Real Estate Daily Market Update October 25th 2024 is as follows:

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

LBI Real Estate Daily Market Update October 25th 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	Current Price
Coming Soon	NJOC2029786	4 Sumner	Long Beach Township	LBI Real Estate Market	$1,099,000
Coming Soon	NJOC2029784	342 N 1st St	Surf City	LBI Real Estate Market	$2,249,000
Price Decrease	NJOC2023276	116 E Sea Breeze	Long Beach Township	LBI Real Estate Market	$1,850
Price Decrease	NJOC2027984	18 W Alabama	Long Beach Township	LBI Real Estate Market	$1,499,000
Pending	NJOC2028546	106 S Barnegat Ave	Surf City	LBI Real Estate Market	$1,495,000
Pending	NJOC2029042	10608 Beach Avenue	Long Beach Township	LBI Real Estate Market	$2,399,000
Pending	NJOC2029184	12711 Beach Ave	Long Beach Township	LBI Real Estate Market	$2,999,000
Closed	NJOC2028136	6 Adrian Rd	Long Beach Township	LBI Real Estate Market	$1,899,000
Temporary Off Market	NJOC2029674	310 W West Ave #G3	Beach Haven	LBI Real Estate Market	$699,999
Temporary Off Market	NJOC2029378	310 W West Ave #G3	Beach Haven	LBI Real Estate Market	$699,999
Withdrawn	NJOC2028396	13 E Essex Ave	Harvey Cedars	LBI Real Estate Market	$4,195,000

Yesterday, there was one more new listing than a pending sale; today, there was one more pending sale compared to new listings. This shows how balanced the LBI real estate market is and how we see an almost perfect blend of market activity on a day-to-day and week-to-week basis. That is why the inventory levels have remained so low, although we have seen a small increase tied to the year's normal season trends. Overall, the LBI real estate market is still performing very well, with stable activity and rising prices. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.