LBI Real Estate Market Buyer Closing Cost– Fall 2025
- Nathan Colmer
- Sep 30
- 3 min read
Long Beach Island Real Estate Market Buyer Closing Cost Guide – Fall 2025
Long Beach Island Real Estate
As we enter the heart of the fall buying season, the Long Beach Island (LBI) real estate market is showing strong momentum. We are seeing some new inventory enter the market, which is typical for this time of year, and this may present new opportunities for buyers in the LBI real estate market. Whether you're a first-time buyer on Long Beach Island or a seasoned investor, understanding current market dynamics and the actual cost of closing is essential for making smart decisions. This LBI Real Estate Market Buyer Closing Cost – Fall 2025 will help you understand these costs and how they factor into your buying decision.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Buying a home on Long Beach Island involves more than just the purchase price. Understanding the associated costs of buying a home in the LBI real estate market is a crucial step in a successful transaction. Here's a breakdown of typical closing costs buyers should budget for:
LBI Real Estate Market Buyer Closing Cost– Fall 2025: Typical Closing Costs (Estimated Ranges)
Attorney Fees
$1,500 – $2,500
Home Inspection
$500 – $1,000
Survey & Flood Elevation Cert
$1,200 – $2,000 (expect a higher range if you require a more detailed survey for new construction or are on a corner)
Appraisal Fees
$350 – $500
Lender Origination Fees
$1,000 – $4,000
Additional Lender Fees
This will vary greatly, depending on the lender, the bank's relationship, and other factors.
Title Insurance
About 1% of the purchase price
Government Recording Fees
$500 – $600
Mansion Tax (if the sales price is greater than $1,000,000)
The buyer has historically paid the mansion tax; however, due to a recent change, this expense has been increased significantly and passed on ot the seller. That said, some sellers in the LBI real estate market still try to pass all or part of this on to the buyer, so it is worth mentioning it when budgeting for closing costs in the LBI real estate market.
Prorations
While not a closing cost, the buyer will reimburse the seller at closing for certain prepaid expenses that were paid for but not used by the seller. For example, prepaid property taxes will be prorated to a daily cost and charged to the buyer and seller accordingly, based on who owned the house at what time.
Most buyers on LBI can expect total closing costs to range from 2% to 3% of the purchase price. For example, on a $1.5 million home, closing costs could range from $30,000 to $45,000. [Buyer Clos...ate Market], [LBI Real E...ach Island]
LBI Real Estate Market Snapshot – August and September 2025
The LBI real estate market is transitioning into what is typically a busy season of the year. It is helpful to have some context on the current state of the LBI real estate market:
Inventory Growth on Long Beach Island: 134 active listings as of mid-September, up from 116 in July. Inventory is expected to peak in October.
LBI Real Estate Market Buyer Activity: In August, 37 homes went under contract, signaling a rise in demand.
Price Trends on LBI:
Average sold price per sq ft: $993
Average active listing price per sq ft: $1,210
Sale-to-list ratio: 96.3% (some homes selling above asking).
Days on Market:
Median for sold homes: 76.5 days
Average for active listings: 95.5 days
Single-family homes continue to dominate the market, with recent listings ranging from $849,000 to over $5 million. Buyers in the LBI real estate market should act quickly on well-priced properties, as competition is intensifying and inventory, although seeing a slight increase, remains historically low.
Ready to Buy a Home in the LBI Real Estate Market?
Navigating the LBI real estate market requires local expertise and strategic planning. If you're considering buying or selling, reach out today for personalized guidance and any questions about LBI Real Estate Market Buyer Closing Cost– Fall 2025.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
