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 March 2023
Since last year, Long Beach Township has remained a Buyer's Market.
Housing Prices in Long Beach Township, NJ
How much do homes in Long Beach Township, NJ cost?
Median Sold Price
$1,725,000
$880/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Long Beach Township was $1,725,000 in March 2024, up 11.4% from last year, and the median price per square foot was $880.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $352K | $290K | -17.6% |
2 Bedrooms | $770K | $825K | +7.1% |
3 Bedrooms | $1.2M | $1.1M | -7.8% |
4 Bedrooms | $1.4M | $1.6M | +13.3% |
5+ Bedrooms | $2.7M | $2.5M | -10.6% |
Summary: Long Beach Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
West Creek | $349.5K | $588.5K | +68.4% |
Stafford Township | $465K | $519.8K | +11.8% |
Long Beach Township | $1.5M | $1.7M | +11.4% |
Ship Bottom | $980K | $999.9K | +2.0% |
Housing Supply in Long Beach Township, NJ
How many homes are available in Long Beach Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
177 | 194 | +9.6% |
Summary: The Long Beach Township real estate market had 194 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 54 | 62 | +14.8% |
5+ Bedrooms | 88 | 95 | +8.0% |
Summary: The Long Beach Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 17 | +142.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Long Beach Township in March 2024, up by 142.9% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 91 Days | +9.1% |
Summary: Homes in Long Beach Township had an average of 91 days on market in Mar 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Long Beach Township; 29% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.