Pango Group

Long Beach, CA 90805

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90805

Wed May 22 2024
This week the median list price for Long Beach, CA 90805 is $724,900 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has increased to 23. 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

Wed May 22 2024
This week the median list price for Long Beach, CA 90805 is $724,900 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has increased to 23. 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 $724,900
Median Price of New Listings $697,500
Per Square Foot $626
Average Days on Market 31
Median Days on Market 14
Price Decreased 26%
Price Increased 4%
Relisted 9%
Inventory 23
Median Rent
Market Action 66
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,050,000 2,047 4,500 - 6,500 sqft 4 4 68 0 1 35
$767,500 1,179 4,500 - 6,500 sqft 3 2 80 2 2 21
$697,450 916 0 - 4,500 sqft 2 2 96 2 0 10
$656,500 983 4,500 - 6,500 sqft 2 1 76 2 2 10