Pango Group

Long Beach, CA 90805

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90805

Thu Feb 29 2024
This week the median list price for Long Beach, CA 90805 is $690,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has decreased to 17. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Long Beach, CA 90805

Thu Feb 29 2024
This week the median list price for Long Beach, CA 90805 is $690,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has decreased to 17. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $690,000
Median Price of New Listings $624,900
Per Square Foot $643
Average Days on Market 38
Median Days on Market 21
Price Decreased 47%
Price Increased 0%
Relisted 18%
Inventory 17
Median Rent
Market Action 52
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,037,000 1,823 6,500 - 8,000 sqft 4 2.5 76 1 2 28
$725,000 1,075 4,500 - 6,500 sqft 3 2 79 1 2 17
$644,950 908 0 - 4,500 sqft 2 1 90 1 2 17
$589,900 886 0 - 4,500 sqft 2 1 85 2 2 7