Is Long Beach Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Long Beach Township was a Seller's Market.
Housing Prices in Long Beach Township, NJ
How much do homes in Long Beach Township, NJ cost?
Median Sold Price
$1,812,500
$888/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Long Beach Township was $1,812,500 in April 2024, up 13.1% from last year, and the median price per square foot was $888.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $352K | $290K | -17.6% |
2 Bedrooms | $770K | $802.5K | +4.2% |
3 Bedrooms | $1.2M | $1.1M | -4.5% |
4 Bedrooms | $1.4M | $1.7M | +20.6% |
5+ Bedrooms | $2.6M | $2.5M | -3.4% |
Summary: Long Beach Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
West Creek | $350K | $585K | +67.1% |
Long Beach Township | $1.6M | $1.8M | +13.1% |
Stafford Township | $465.3K | $525K | +12.8% |
Ship Bottom | $980K | $1.0M | +9.7% |
Harvey Cedars | $2.1M | $1.7M | -14.5% |
Housing Supply in Long Beach Township, NJ
How many homes are available in Long Beach Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 99 | -1.0% |
Summary: The Long Beach Township real estate market had 99 homes for sale in April 2024, a 1.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 39 | 35 | -10.3% |
5+ Bedrooms | 43 | 45 | +4.7% |
Summary: The Long Beach Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 13 | -23.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Long Beach Township in April 2024, down by 23.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for Long Beach Township, NJ
How long does it take to sell a home in Long Beach Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 38 Days | -38.9% |
Summary: Homes in Long Beach Township had an average of 38 days on market in Apr 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Long Beach Township; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.