LBI Residential Real Estate Market Update: March vs. April 2025
The Long Beach Island real estate market continued to evolve in April 2025, with signs of growing buyer urgency and increased pricing strength. Here’s a look at how the market shifted compared to March.
Total Sales
March 2025: 34 properties sold
April 2025: 31 properties sold
Sales dipped slightly by 8.8%, but remained relatively strong as the spring market progressed.
Average Sale Price
March 2025: $2,124,334
April 2025: $2,427,349
The average sale price jumped by over 14%, pointing to increased demand for higher-end properties or a shift in the types of homes closing during the month. Seven homes sold over asking price, an increase from the four observed in March.
New Listings
March 2025: 57 new listings
April 2025: 45 new listings
New listings fell by nearly 21%, tightening supply even as buyer interest remained active. As we move closer to summer, it is typical to see a bit of a drop on listings coming in.
Sales to List Price Ratio
March 2025: 97.6%
April 2025: 98.7%
Buyers were paying closer to asking price than in previous months, a sign of rising competition and seller leverage. As mentioned above, seven homes sold over asking, an increase of 75% month-over-month.
Median Cumulative Days on Market (CDOM)
March 2025: 58 days
April 2025: 35 days
Homes sold significantly faster in April, with the median CDOM dropping by 23 days, suggesting stronger buyer urgency and more decisive market behavior. Buyers who want to get in before the summer season sure seem to be doing so!
Total Inventory
March 2025: 141 homes
April 2025: 160 homes
Despite fewer new listings, total inventory increased due to fewer sales relative to listings in prior months or homes re-entering the market.
Market Insights
The April data reflects a shift toward a faster-paced and more competitive market. Buyers are acting quickly and paying close to asking price, while sellers are benefiting from limited inventory and rising sale prices.
At the same time, some elements of the market remain consistent. Inventory levels continue to lag behind demand, and while new listings have dipped, buyer activity has not. The result: strong sale-to-list ratios and reduced time on market. These factors suggest that unless there’s a significant increase in inventory, prices are likely to continue climbing into the coming months. Even if inventory were to rise, the current level of demand means prices would likely not fall—instead, more options could trigger a new wave of buyer activity and competition.
For sellers, the takeaway is clear—well-priced, move-in-ready homes are in high demand and can sell quickly and competitively. For buyers, flexibility and decisiveness remain essential as competition stays elevated and the market remains tight.
Need help interpreting these trends for your specific goals? Get in touch—I am happy to guide you through it.
