Long Beach Township Real Estate Market — 2023 Year in Review
- Nathan Colmer
- 16 hours ago
- 2 min read
Long Beach Township Real Estate Market and Long Beach Island NJ Real Estate Market Information— 2023 Year in Review
In 2023, Long Beach Township real estate experienced a measured year with continued price growth and a further normalization of sales counts. Buyers stayed selective, but strong offers persisted for prime homes in sought‑after neighborhoods. Inventory remained tight relative to historical norms, supporting valuations. Across LBI and in the Long Beach Township real estate market, the emphasis remained on quality, efficiency, and outdoor living spaces.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Key Long Beach Township Real Estate Market Statistics (2023)
Number of sales: 163
Average close price: $2,249,316 (YoY: +7.0%)
Median close price: $1,935,000
Average list price: $2,341,303
Average $/sq ft: $912 (median: $880) (YoY: +2.5%)
Average finished size: 2,396 sq ft
Total dollar volume: $366,638,577
Average close‑to‑list ratio: 0.965
Price and $‑per‑sq‑ft gains continued, albeit at a calmer pace. The 0.965 ratio shows a bit more negotiation returning to the process, though still tight by historical standards. Median price moving to nearly $1.94M reflects broad firmness across the Township, not just headline closings. 2023 solidified LBI’s post‑2021 pricing structure with steady, sustainable appreciation.
Long Beach Township Real Estate Market and Long Beach Island NJ Real Estate Market Information— 2023 Year in Review
Long Beach Township real estate closed 2023 with higher prices, disciplined bidding, and a manageable sales cadence. The Island’s core value pillars—beach lifestyle, rebuild quality, and rental viability—remained fully priced into outcomes. While the pace cooled from the peak years, the market’s foundation stayed strong. 2023 served as a consolidation year that maintained the gains.
If you're looking to buy, sell, or invest in the LBI real estate market, I bring decades of local experience and market knowledge to every transaction. I'm Nathan Colmer, a Long Beach Island real estate agent with more than 20 years of experience helping clients successfully navigate the island's unique real estate landscape, with a particular focus on second homes and investment properties.
In addition to representing buyers and sellers, I actively invest in LBI real estate, allowing me to offer practical, firsthand insight into market trends, rental potential, and long-term value. Whether you're searching for a vacation home, evaluating an investment opportunity, or preparing to sell, I provide personalized strategies and trusted guidance to help you achieve your goals.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
