Long Beach Island Real Estate Sales Market Update July 26th 2023

Jul 27, 2023
2 min read

Long Beach Island NJ (LBI NJ) Real Estate Market Update for July 26th 2023

Long Beach Island Real Estate Sales Market Update July 26th 2023

It was a busy day in the LBI real estate market, but interestingly enough, there were no pending sales! The activity was dominated by new listings and closed transactions. Both of which are helpful in understanding the LBI real estate market. We need inventory, so new listings are always welcomed, and the closed sales give good insight on to where the market is trading.

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

LBI Real Estate Daily Market Update July 26th 2023

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
New Active	NJOC2019874	242 W 15th St	Ship Bottom	LBI	$1,205,000
New Active	NJOC2020050	15 E New York Ave	Long Beach Township	LBI	$2,749,999
New Active	NJOC2020064	303 W 4th St	Ship Bottom	LBI	$2,199,000
New Active	NJOC2020010	214 E 15th	Long Beach Township	LBI	$4,350,000
Price Decrease	NJOC2019294	5704 Long Beach	Long Beach Township	LBI	$875,000
Price Increase	NJOC2018738	43 N 6th Street	Surf City	LBI	$3,149,000
Closed	NJOC2019832	261 W 19th St	Ship Bottom	LBI	$2,400,000
Closed	NJOC2018556	67-A,B,C Long Beach Blvd	Long Beach Township	LBI	$5,900,000
Closed	NJOC2019206	900 N Beach Ave #24	Beach Haven	LBI	$625,000
Closed	NJOC2018080	39 N 6th St	Surf City	LBI	$2,925,000

Currently, there are only 104 active listings in the LBI real estate market when searching for single-family homes. That is a very low number and flirting with an all time record low. Looking at the average price of a closed sale today, it comes in at just under $3,000,000! This shows that buyers are still very confident in the LBI real estate market! If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.