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

Today's LBI real estate market update showed average activity with a mix of new listings, pending sales and closed transactions. We have seen an increase in the number of homes for sale on Long Beach Island, although inventory is still a fraction of what it was prior to COVID. We are still seeing a near perfect balance of new listings and pending sales each week, and today's market activity highlights this very well. Acvitiy in the Long Beach Island NJ real estate market was as follows for today:

2 new listings came up for sale in the LBI real estate market
1 home went under contract on LBI
2 home sold on Long Beach Island
0 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Withdrawn	NJOC2028396	13 E Essex Ave	Harvey Cedars	LBI Real Estate Market	$4,195,000

Today's LBI real estate market activity showed a range of price points and home styles. It is worth mentioning that one of the two closed sales was a commercial rental, but the other was a popular condo located in Ship Bottom. The new inventory was centered around single-family homes priced over $2,000,000, which is the same price point as the pending sale today. This shows how balanced the Long Beach Island NJ real estate market is as new inventory is replacing homes that are selling! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.