LBI Real Estate Daily Market Update October 2nd 2024

High Tides Digital Marketing
Oct 2, 2024
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for October 2nd 2024

LBI Real Estate Daily Market Update October 2nd 2024

Long Beach Island Real Estate Sales Market Update October 2nd 2024

Today's LBI real estate market update for October 2nd, 2024, is a mix of activity but no new listings. The inventory of homes for sale in the Long Beach Island real estate market has been increasing over the past few weeks, which is typical for this time of year. It is a break from the past few weeks of activity to see no new homes come on the market! The activity was as follows:

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

LBI Real Estate Daily Market Update October 2nd 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
Price Decrease	NJOC2028326	2305 S Bay Ave #B	Beach Haven	LBI Real Estate Market	$1,549,000
Price Decrease	NJOC2028522	100 S West Avenue #3	Beach Haven	LBI Real Estate Market	$1,695,000
Price Decrease	NJOC2027812	5 W Sand Dune	Long Beach Township	LBI Real Estate Market	$1,699,999
Pending	NJOC2023196	242 W 15th St #1	Ship Bottom	LBI Real Estate Market	$644,000
Closed	NJOC2026184	15 E 36th St	Long Beach Township	LBI Real Estate Market	$1,725,000
Temporary Off Market	NJOC2024522	57-B Long Beach Blvd	Long Beach Township	LBI Real Estate Market	$7,395,000
Withdrawn	NJOC2024882	242 W 15th St	Ship Bottom	LBI Real Estate Market	$1,295,000
Expired	NJOC2024826	24 E 21st St E	Long Beach Township	LBI Real Estate Market	$1,999,000
Expired	NJOC2020922	1414 Bay Ter	Ship Bottom	LBI Real Estate Market	$2,624,900

While inventory has increased in the LBI real estate market, the number of homes for sale on Long Beach Island is still historically very low. There are only around 130 single-family homes for sale and about 170 total listings. Of this inventory, it is a safe bet that roughly 10%-15% of it has an offer or is in contract, so the number of homes that are actually available is even lower than it seems. The market is still strong 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.