Long Beach Island Market Recap - March 2026
A data-driven snapshot of the LBI market — inventory, pricing, and what to expect heading into spring.
What the numbers tell us
Inventory has made a significant move. Total active listings climbed from under 100 in February to 122 in March — a 20%+ jump in overall supply. That shift was driven by 52 new listings coming to market, up 58% from just 33 in February. Better weather was the clear catalyst, and the spring market is now open for business.
Pricing is firmly in line with the broader market trend. The median sale price of $2.21M and average of $2.45M are right in step with the full-year 2025 annual average of $2.4M — and at $1,020/sq ft, per-square-foot values are tracking exactly with the trailing 12-month average as well. Across every measure, the market is showing real consistency.
Closings were up, with more on the way. The 20 closings this month (vs. 13 in February) reflect contracts signed weeks earlier. The wave of new inventory that came to market in March will show up as closings over the next 60–90 days — expect that number to rise.
Sellers are getting very close to asking price. A 97.2% sale-to-list ratio — essentially unchanged from February's 96.8% — signals that well-priced homes are meeting little resistance. The bid-ask gap remains tight.
Top sale of the month
$4,200,000
316 Liberty Ave - LEHYC - oversized lot, built 2018, with a stunning backyard. The property was on market for just over a month, but context matters: it was listed during the stretch of winter storms that slowed activity across the board. Once the weather cleared, buyer interest came in strong — the home ultimately drew multiple offers and closed at $4.2M. A great example of patient, well-executed positioning in a seasonal market.
Looking ahead
The spring market is tracking well. With total inventory crossing 122 active listings — up meaningfully from a month ago — buyers now have more to choose from, and closing volume should increase in April and May as March's new listings work through the pipeline. Pricing — whether measured by sale price or per-square-foot — remains consistent with the trailing 12-month average, a strong signal of a stable, well-supported market. For buyers, the window to get ahead of peak-season competition is open right now.
Have questions about what this means for your property, or thinking about making a move this spring? Let's connect — I'm happy to walk you through the data.
Email: mcappo@vandykgroup.com
Cell: 609-496-1423
