LBI Market Overview
2025 – Mid Year
Our activity levels are similar to last year; however, we do see some slowing in ‘Days on the Market’, as buyers are taking longer and being a bit more circumspect before purchasing. Inventory levels remain historically low and as long as that continues the Average Sales Price should remain fairly steady. One statistic of note, is the number of homes ‘under contract’. At the moment it is half of what we usually experience. So, is a softening starting to come our way? Our market may be headed for a rebalancing and although it is not expected to become a buyer’s market in the near future it may very well become more of a ‘buyer friendly’ one
2024 – End of Year
As of year end, the LBI real estate market remained fairly steady. Units sold were up a bit but not significantly. Average Sales Price fluctuated somewhat because of some higher end sales in the months of April, May and June but for the last quarter ASP hovered around the $2M mark. Inventory remains constant at around 100 units for sale.
2023 End of Year
The slow down in the real estate market continued throughout 2023. Inventory levels remained low and continue to be so, thus keeping Average Sales Price rather level. However, by the end of the year the Average Sales Price began to decrease. Interest rates seemed to have peaked in October and are slowly going down but it is not anticipated they will go much below 6%.
2022 End of Year
As the real estate market globally began a descent from the high flying housing market of the last few years so did LBI. There was a 34% decrease in the number of units sold. Part of this was due to low inventory levels. Buyers also were hitting ‘pause’ with interest rates doubling, inflation and possible recession being discussed. Average Sales Price has remained constant the last few months of the year. With such low inventory levels this may defer any major price decreases.
2021 End of Year
Although the market is still moving along nicely with buyer activity, it is showing some signs of cooling off. Inventory is rising and as buyer’s are having more choices, they are not feeling the pressure to jump at any listing that comes their way or to overbid for the property.
2020 End of Year
Certainly a wild ride this year. LBI real estate market was slowly moving in an upward fashion in the beginning of the year. In March, when COVID forced shut downs so did the market for a while. As more folks were sheltering in place and working from home, LBI looked like a great place to work from or to become a respite.
By June the market took off. The LBI market remains a very hot market. Inventory is extremely low and buyer activity is quite high. Leading sometimes to bidding wars. Prices are rising obviously as the demand is far outpacing the supply.
2019 End of Year
The first quarter started a bit slow but picked up some speed by the end of March. The summer was much busier than normal. By end of year, the Average Sales Price increased 3.2% to $1,159,300. The number of units sold was about the same as in 2018 with 496 to 490 in 2018. Inventory remains low and the market continues to be more of a seller’s market.
LBI Sales Statistics
Comparison – 2024 to 2025 Mid Year
| Year | # Units Sold | Average Sales Price (ASP) | Avg Days On MKT | % Sale to List Price |
| 2024 | 150 | $2,340,539 | 77 | 96.9% |
| 2025 | 150 | $2,487,419 | 67 | 97.3% |
LBI MARKETRENDS – January to June 2025 – by town
| HOLGATE | ||||||
| Units Sold: | 14 | Average Sales Price: | $2,191,786 | % of List to Sales Price: 97.0% | Days on Market: | 43 |
| BEACH HAVEN | ||||||
| Units Sold: | 9 | Average Sales Price: | $2,467,222 | % of List to Sales Price: 98.1% | Days on Market: | 67 |
| LONG BEACH TOWNSHIP – SOUTH (Brant Beach south to North Beach Haven) | ||||||
| Units Sold: | 46 | Average Sales Price: | $2,617,358 | % of List to Sales Price: 98.4% | Days on Market: | 67 |
| SHIP BOTTOM | ||||||
| Units Sold: | 13 | Average Sales Price: | $1,645,411 | % of List to Sales Price: 96.5% | Days on Market: | 63 |
| SURF CITY | ||||||
| Units Sold: | 21 | Average Sales Price: | $2,507,619 | % of List to Sales Price: 98.2% | Days on Market: | 66 |
| NORTH BEACH | ||||||
| Units Sold: | 2 | Average Sales Price: | $4,275,000 | % of List to Sales Price: 101.2% | Days on Market: | 65 |
| HARVEY CEDARS | ||||||
| Units Sold: | 10 | Average Sales Price: | $2,485,700 | % of List to Sales Price: 97.4% | Days on Market: | 74 |
| LOVELADIES | ||||||
| Units Sold: | 12 | Average Sales Price: | $4,065,195 | % of List to Sales Price: 95.0% | Days on Market: | 66 |
| HIGH BAR HARBOR | ||||||
| Units Sold: | 3 | Average Sales Price: | $2,596,667 | % of List to Sales Price: 94.8% | Days on Market: | 151 |
| BARNEGAT LIGHT | ||||||
| Units Sold: | 15 | Average Sales Price: | $1,634,333 | % of List to Sales Price: 95.6% | Days on Market: | 63 |
Historic LBI MARKETRENDS all of LBI – by year
| YEAR | Units Pending | Total Units Sold | Avg. Sales Price
(ASP) |
New
Listings |
Average Days on Market | Sold as % of List Price |
| 2012 | 62 | 369 | $939,150 | 766 | 176 | 93% |
| 2013 | 55 | 306 | $904,813 | 804 | 157 | 93% |
| 2014 | 52 | 377 | $974,864 | 992 | 145 | 94% |
| 2015 | 59 | 425 | $1,027,591 | 950 | 181 | 95% |
| 2016 | 56 | 473 | $990,184 | 958 | 161 | 95.4% |
| 2017 | 59 | 540 | $1,106,290 | 1,018 | 119 | 96.1% |
| 2018 | 48 | 490 | $1,116,102 | 971 | 114 | 95.7% |
| 2019 | 40 | 496 | $1,159,300 | 934 | 102 | 95.9% |
| 2020 | 75 | 720 | $1,322,376 | 823 | 109 | 97.2% |
| 2021 | 64 | 530 | $1,587,337 | 634 | 49 | 100% |
| 2022 | 57 | 350 | $1,922,759 | 498 | 53 | 98.6% |
| 2023 | 40 | 321 | $2,075,672 | 459 | 65 | 96.5% |
| 2024 | 45 | 330 | $2,302,468 | 490 | 71 | 94.8% |
MarkeTrends E-Newsletter – Published twice a year with the latest LBI real estate news. Comprehensive market statistics, my ‘Crystal Ball’ forecast for the sales and rental market, along with other LBI topics of interest. Email your request to be added to my subscription list.