Long Beach Township Real Estate Market — 2024 Year in Review
- Nathan Colmer
- 16 hours ago
- 3 min read
Long Beach Township Real Estate Market and Long Beach Island NJ Real Estate Market Sales — 2024 Year in Review
By 2024, Long Beach Township’s real estate market reached new highs, with average sale price and $‑per‑sq‑ft both advancing meaningfully. Buyer demand remained deep for renovated and newer homes, and limited supply continued to favor sellers over buyers. Larger average footprints point to ongoing rebuilding and expansion across LBI and the Long Beach Township real estate market. Negotiation bands were steady, keeping outcomes close to the listing price of a home in the LBI NJ real estate market.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Long Beach Township Real Estate Market — 2024 Year in Review
Key Long Beach Township Real Estate Market Statistics (2024)
Number of sales: 174
Average close price: $2,622,193 (YoY: +16.6%)
Median close price: $2,300,000
Average list price: $2,719,218
Average $/sq ft: $1,006 (median: $967) (YoY: +10.2%)
Average finished size: 2,584 sq ft
Total dollar volume: $456,261,542
Average close‑to‑list ratio: 0.970
Long Beach Township Real Estate Sales Over a 10 Year Period 2014–2024
Average sale price climbed from $615k (2014) to $2.62M (2024).
Average $‑per‑sq‑ft rose from $438 to $1,006, with the sharpest gains in 2021–2022.
The busiest year by far was 2020 (391 sales) as lifestyle shifts drove demand for LBI homes.
Negotiation bands stayed tight overall (close‑to‑list mostly ~0.95–1.00), supporting price integrity throughout the cycle.
Average finished size expanded from ~1,600 sq ft to ~2,600 sq ft, reflecting rebuild trends and buyer preferences.
Crossing $1,000/sf on average is a key milestone for Long Beach Township and underscores the premium attached to turnkey coastal properties on LBI. The $2.62M average sale and $2.3M median reflect persistent top‑line strength across neighborhoods. With a 0.970 close‑to‑list ratio, pricing stayed efficient: well‑presented homes traded quickly and near ask. 2024 reaffirmed the Island’s position among the region’s premier shore markets.
Closing (recap)As of 2024, Long Beach Township showcases a mature, high‑value LBI real estate market marked by strong pricing, disciplined negotiations, and consistent demand. The step‑up in both average price and $‑per‑sq‑ft confirms enduring appeal and finite supply. While conditions may normalize over time, this year’s metrics set an elevated benchmark. The Township enters the next cycle with compelling fundamentals and entrenched buyer interest.
Buying or selling on Long Beach Island is different from anywhere else, and having the right guidance matters. I'm Nathan Colmer, a local LBI real estate agent with over 20 years of experience helping buyers and sellers make informed decisions, especially when it comes to second homes and investment properties.
As both a real estate professional and an active investor in the LBI real estate market, I offer insight beyond listing details. Whether you're looking for a vacation home, exploring investment options, or ready to list your property, I take a personalized, hands-on approach to help you navigate the process with confidence.
By: Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
