LBI Real Estate Market Report August 2024

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August Market Update

July Statistics

vs. (July 2021-2023 Avg.)

🏠 New Listings: 55 (40) +36%

🗝️ Properties Sold: 36 (26) +36%

💵 Avg. Sale Price $2.020 ($1.780) +14%

💰 Med. Sale Price $1.875 ($1.640) +14%

⌛ Med. Days to Sale 35 (23) +12 days

🤝 Sale to Original 93.4% (97.8%) -4.3%

vs. (Trailing 12 Month Avg.)

🏠 New Listings: 55 (42) +32%

🗝️ Properties Sold: 36 (28) +27%

💵 Avg. Sale Price $2.020 ($2.010) +1%

💰 Med. Sale Price $1.875 ($1.810) +4%

⌛ Median Days to Sale 35 (44) -9 days

🤝 Sale to Original 93.4% (94.2%) -.8%

Current Inventory

Total Listings: 106

Single-Family: 108

Condos/Townhomes: 8

Multi-Family: 11

💵 Average List Price $2,850,000

💰 Median List Price $2,350,000

 Median Days on Market 63

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