LBI Real Estate Daily Market Update October 29th 2024

High Tides Digital Marketing
Oct 29, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for October 29th 2024

LBI Real Estate Daily Market Update October 29th 2024

Long Beach Island Real Estate Sales Market Update October 29th 2024

Today's LBI real estate market update showed another day of strong pending sales activity. For the second day in a row, there were no new listings entering the market, but there were several pending sales. In fact, in the last 2 days, 7 homes have gone "under contract' in the Long Beach Island real estate market. This is a lot of sales activity, especially in the absence of new inventory entering the LBI real estate market. Today's activity was as follows:

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

LBI Real Estate Daily Market Update October 29th 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
Back to Active	NJOC2028514	261 Division Ave	Surf City	LBI Real Estate Market	Single Family	$1,849,000
Active Under Contract	NJOC2029490	111 E Dune	Long Beach Township	LBI Real Estate Market	Single Family	$3,349,000
Pending	NJOC2027504	1 E Hobart Ave	Long Beach Township	LBI Real Estate Market	Single Family	$1,375,000
Pending	NJOC2028500	1012 Central Ave	Ship Bottom	LBI Real Estate Market	Commercial	$1,999,000
Closed	NJOC2028316	8201 Bay Terrace	Harvey Cedars	LBI Real Estate Market	Single Family	$2,061,000
Closed	NJOC2026732	120 E Dune Ln	Long Beach Township	LBI Real Estate Market	Single Family	$2,975,000
Closed	NJOC2028390	27 N 17th St	Surf City	LBI Real Estate Market	Single Family	$3,600,000
Withdrawn	NJOC2026200	13 Washington Ave	Long Beach Township	LBI Real Estate Market	Single Family	$1,499,000

While there were no new listings today, one previously withdrawn home did come back on the Long Beach Island NJ real estate market. The pending sales activity showed a wide range of options, from a near-new home on the oceanside in The Dunes section of Long Beach Township to a commercial property in Ship Bottom. Inventory has dropped off a bit in the past few days, but this is normal for this time of year after the late summer to early fall inventory surge abates. Activity is still strong in the LBI real estate market and will likely continue throughout the rest of the year. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.