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 May 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
$1,775,000
$890/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Long Beach Township was $1,775,000 in May 2024, up 10.9% from last year, and the median price per square foot was $890.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $352K | - | N/A |
2 Bedrooms | $752.5K | $832.5K | +10.6% |
3 Bedrooms | $1.2M | $1.1M | -1.9% |
4 Bedrooms | $1.5M | $1.6M | +7.1% |
5+ Bedrooms | $2.7M | $2.5M | -8.8% |
Summary: Long Beach Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
West Creek | $360K | $588.5K | +63.5% |
Ship Bottom | $979K | $1.1M | +12.4% |
Long Beach Township | $1.6M | $1.7M | +10.9% |
Stafford Township | $472.5K | $520.1K | +10.1% |
Housing Supply in Long Beach Township, NJ
How many homes are available in Long Beach Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
104 | 114 | +9.6% |
Summary: The Long Beach Township real estate market had 114 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 37 | 43 | +16.2% |
5+ Bedrooms | 47 | 50 | +6.4% |
Summary: The Long Beach Township housing inventory by bedroom type for May 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 6.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Long Beach Township in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 71 Days | +5.8% |
Summary: Homes in Long Beach Township had an average of 71 days on market in May 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Long Beach Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.