$9,800,000
4,969 SqFt
7 Beds
•7 Full Baths, 3 Partial
Craig Stefanoni, Listing Office: Berkshire Hathaway HomeServices Zack Shore Realtors
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 October 2023
At the same time last year, Long Beach Township was a Seller's Market.
Key Takeaway
Long Beach Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Long Beach Township, NJ
How much do homes in Long Beach Township, NJ cost?
Median Sold Price
$1,945,000
$947/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$199,500(+11.4%)
Key Takeaway
Homes in Long Beach Township have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Long Beach Township was $1,945,000 in October 2024, up 11.4% from last year, and the median price per square foot was $947.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | - | N/A |
| 2 Bedrooms | $825K | $860K | +4.2% |
| 3 Bedrooms | $1.1M | $1.1M | -1.9% |
| 4 Bedrooms | $1.6M | $1.6M | -2.7% |
| 5+ Bedrooms | $2.5M | $2.6M | +5.0% |
Summary: Long Beach Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| West Creek | $450K | $529.5K | +17.7% |
| Long Beach Township | $1.7M | $1.9M | +11.4% |
| Ship Bottom | $1.0M | $1.1M | +8.3% |
| Stafford Township | $511.4K | $516.5K | +1.0% |
Housing Supply in Long Beach Township, NJ
How many homes are available in Long Beach Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 116 | +6.4% |
Summary: The Long Beach Township real estate market had 116 homes for sale in October 2024, a 6.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 44 | 45 | +2.3% |
| 5+ Bedrooms | 52 | 53 | +1.9% |
Summary: The Long Beach Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Beach Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Long Beach Township in October 2024, down by 30.4% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 51 Days | -2.3% |
Summary: Homes in Long Beach Township had an average of 51 days on market in Oct 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Long Beach Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Long Beach Township; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.