Justin Tye

Long Beach, CA

Single-Family Homes

Active Realty I REAL



Long Beach, CA

Sun May 26 2024
This week the median list price for Long Beach, CA is $1,212,494 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 168. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Long Beach, CA

Sun May 26 2024
This week the median list price for Long Beach, CA is $1,212,494 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 168. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $1,212,494
Median Price of New Listings $1,100,000
Per Square Foot $727
Average Days on Market 48
Median Days on Market 18
Price Decreased 22%
Price Increased 1%
Relisted 2%
Inventory 168
Median Rent
Market Action 66
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,722,000 2,979 0 - 4,500 sqft 4 4 43 7 3 38
$1,492,000 1,880 4,500 - 6,500 sqft 3 3 76 16 9 10
$949,950 1,504 4,500 - 6,500 sqft 3 2 75 14 16 17
$700,000 1,074 0 - 4,500 sqft 3 2 82 15 8 14