LBI Real Estate Weekly Sales Update 5-26/2024 to 6-2-2024
- High Tides Digital Marketing
- Jun 2, 2024
- 5 min read
Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 5-26/2024 to 6-2-2024
LBI Real Estate Weekly Sales Update 5-26/2024 to 6-2-2024: It was a very busy week in the LBI real estate market. In total, there are 51 changes to the MLS in this week's Long Beach Island real estate market update. Pending sales outpaced new listings showing that buyer demand is still very stong on Long Beach Island. In addition to this LBI real estate weekly sales update, be sure to visit my monthly analysis of home sales on Long Beach Island NJ. This page tracks all activity in the Long Beach Island real estate market month by month and helps to give buyers, sellers, and investors some good insight into LBI real estate market activity. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:
14 new listings entered the market with an average price of $2,082,993
18 listings went under contract with an average listing price of about $2,083,344
7 properties sold on Long Beach Island with an average price of $2,912,163
4 listings saw price reductions in the LBI real estate market
LBI Real Estate Weekly Sales Update 5-26/2024 to 6-2-2024
Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status, NEW ACTIVE means it is a new or re-listed home, PRICE DECREASE means the price was lowered, PENDING or ACTIVE UNDER CONTRACT means the property is under contract (pending), CLOSED means the property sold and WITHDRAWN, CANCELED or EXPIRED means the property failed to sell or was a duplicate listing. Note that this is for single-family homes, condos, duplexes, and commercial real estate listed by all local Long Beach Island real estate agencies, and all data is taken from the Bright MLS system.
Last Change Type | MLS # | Address | City | Area | Zip Code | Current Price |
Coming Soon | NJOC2026184 | 15 E 36th | Long Beach Township | Zip Code 08008 | $1,859,000 | |
Coming Soon | NJOC2025934 | 27 N 1st St | Surf City | LBI | Zip Code 08008 | $3,599,999 |
New Active | NJOC2026256 | 220 Liberty Ave #1 | Beach Haven | LBI | Zip Code 08008 | $169,900 |
New Active | NJOC2026238 | 1001 Ocean #C1001 | Ship Bottom | LBI | Zip Code 08008 | $949,000 |
New Active | NJOC2026144 | 336 N 6th Street | Surf City | LBI | Zip Code 08008 | $1,299,999 |
New Active | NJOC2026190 | 104 W Hobart Ave | Long Beach Township | LBI | Zip Code 08008 | $1,399,000 |
New Active | NJOC2025424 | 34 W Jeanette Ave | Long Beach Township | LBI | Zip Code 08008 | $1,449,000 |
New Active | NJOC2026232 | 1 W 13th St | Barnegat Light | LBI | Zip Code 08008 | $1,499,000 |
New Active | NJOC2026200 | 13 Washington Ave | Long Beach Township | Zip Code 08008 | $1,499,000 | |
New Active | NJOC2026010 | 116 E 28th St | Ship Bottom | LBI | Zip Code 08008 | $1,599,000 |
New Active | NJOC2026132 | 32 W New York | Long Beach Township | LBI | Zip Code 08008 | $1,849,000 |
New Active | NJOC2026196 | 4205 Ocean Blvd | Long Beach Township | LBI | Zip Code 08008 | $2,690,000 |
New Active | NJOC2026270 | 1 Cox Ave | Harvey Cedars | LBI | Zip Code 08008 | $2,799,999 |
New Active | NJOC2026258 | 6 N 21st St | Surf City | LBI | Zip Code 08008 | $6,500,000 |
Back to Active | NJOC2024638 | 125 Herbert Ave | Long Beach Township | LBI | Zip Code 08008 | $2,800,000 |
Back to Active | NJOC2024698 | 1123-C Long Beach | Long Beach Township | LBI | Zip Code 08008 | $3,750,000 |
Price Decrease | NJOC2026028 | 2401 N Central Ave | Surf City | LBI | Zip Code 08008 | $1,599,000 |
Price Decrease | NJOC2025136 | 9 W 38th St | Long Beach Township | LBI | Zip Code 08008 | $2,799,000 |
Price Decrease | NJOC2025380 | 119 E South Carolina | Long Beach Township | LBI | Zip Code 08008 | $3,150,000 |
Price Decrease | NJOC2023028 | 142 Newport | Long Beach Township | LBI | Zip Code 08008 | $3,350,000 |
Active Under Contract | NJOC2023218 | 21 W Sail Boat Lane | Long Beach Township | LBI | Zip Code 08008 | $830,000 |
Active Under Contract | NJOC2022602 | 9006 Long Beach Blvd #B | Long Beach Township | LBI | Zip Code 08008 | $924,900 |
Active Under Contract | NJOC2025834 | 31 W Sand Dune Ln | Long Beach Township | LBI | Zip Code 08008 | $999,000 |
Active Under Contract | NJOC2025978 | 2 E 15th | Long Beach Township | LBI | Zip Code 08008 | $1,699,000 |
Active Under Contract | NJOC2024500 | 122 E 20th St | Ship Bottom | LBI | Zip Code 08008 | $1,890,000 |
Active Under Contract | NJOC2025064 | 125 SE 34th St | Long Beach Township | LBI | Zip Code 08008 | $1,999,999 |
Active Under Contract | NJOC2022930 | 234 N 6th St | Surf City | LBI | Zip Code 08008 | $2,399,000 |
Active Under Contract | NJOC2023774 | 51 N 21st St | Surf City | LBI | Zip Code 08008 | $2,595,000 |
Pending | NJOC2023998 | 340 Kentford Ave | Beach Haven | LBI | Zip Code 08008 | $1,575,000 |
Pending | NJOC2025728 | 1220 Barnegat Ave | Ship Bottom | LBI | Zip Code 08008 | $1,600,000 |
Pending | NJOC2024916 | 100 E Muriel | Long Beach Township | LBI | Zip Code 08008 | $1,795,000 |
Pending | NJOC2024772 | 10 E Nebraska Ave | Long Beach Township | LBI | Zip Code 08008 | $2,499,999 |
Pending | NJOC2023918 | 15 E 25th St | Long Beach Township | LBI | Zip Code 08008 | $2,599,900 |
Pending | NJOC2023070 | 3 E Surf Ave | Long Beach Township | LBI | Zip Code 08008 | $2,699,000 |
Pending | NJOC2025534 | 27 E 46th | Long Beach Township | LBI | Zip Code 08008 | $2,749,900 |
Pending | NJOC2023298 | 100 E Colorado Ave #WEST | Long Beach Township | LBI | Zip Code 08008 | $2,799,500 |
Pending | NJOC2026126 | 10 E 20th | Long Beach Township | LBI | Zip Code 08008 | $2,850,000 |
Pending | NJOC2023152 | 100 E Colorado Ave #EAST | Long Beach Township | LBI | Zip Code 08008 | $2,995,000 |
Closed | NJOC2025392 | 110 E 23rd Street #8 | Ship Bottom | LBI | Zip Code 08008 | $860,000 |
Closed | NJOC2024664 | 2 E 28th St #A | Barnegat Light | LBI | Zip Code 08008 | $2,375,000 |
Closed | NJOC2026198 | 13 W 24th St | Barnegat Light | LBI | Zip Code 08008 | $2,450,000 |
Closed | NJOC2024816 | 2408 Bayview Ave | Barnegat Light | LBI | Zip Code 08008 | $2,575,000 |
Closed | NJOC2022702 | 109 E Connecticut Ave | Beach Haven | LBI | Zip Code 08008 | $2,625,143 |
Closed | NJOC2024418 | 214 15th | Long Beach Township | LBI | Zip Code 08008 | $3,900,000 |
Closed | NJOC2021236 | 131-C Long Beach Blvd | Long Beach Township | LBI | Zip Code 08008 | $5,600,000 |
Temporary Off Market | NJOC2024002 | 340 Kentford Ave #UNIT 2 | Beach Haven | LBI | Zip Code 08008 | $750,000 |
Temporary Off Market | NJOC2024000 | 340 Kentford Ave #UNIT 1 | Beach Haven | LBI | Zip Code 08008 | $875,000 |
Temporary Off Market | NJOC2022092 | 2615 Central Ave #A | Ship Bottom | LBI | Zip Code 08008 | $999,999 |
Withdrawn | NJOC2026078 | 435 N 3rd St | Surf City | LBI | Zip Code 08008 | $1,975,000 |
Expired | NJOC2023948 | 31 W 87th St | Long Beach Township | LBI | Zip Code 08008 | $1,299,000 |
Expired | NJOC2024042 | 9 W 51st St | Long Beach Township | LBI | Zip Code 08008 | $3,349,000 |
LBI New Jersey Real Estate Sales Analysis
There was a lot of activity in this LBI real estate market update, and some interesting trends are to review. The average price of a new listing and the average price of a pending sale were almost identical. In fact, they were only $1,000 or so off! The average sales price was higher than both of these numbers at just under $3,000,000. We can deduce that the market has regained some level of stability in pricing and buyers and sellers are having an easier time comping out their homes. The market is still on the rise as inventory remains stubbornly low, but there are enough comparable sales to develop intelligent pricing models. There are 116 active listings in the MLS this week and 47 pending sales. For more information about buying, selling, or investing in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 5-26/2024 to 6-2-2024, please do not hesitate to contact me.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
