Deric Rangell

Long Beach, CA 90813

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90813

Tue Feb 19 2019
This week the median list price for Long Beach, CA 90813 is $455,000 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 12. Click here to stay informed with the Long Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Long Beach, CA 90813

Tue Feb 19 2019
This week the median list price for Long Beach, CA 90813 is $455,000 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 12. Click here to stay informed with the Long Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $455,000
Per Square Foot $343
Days on Market 103
Price Decreased 25%
Price Increased 0%
Relisted 8%
Inventory 12
Median House Rent $1,348
Most Expensive $799,900
Least Expensive $370,000
Market Action Index
Slight Seller's Advantage
35

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$599,900 1,920 4,500 - 6,500 sqft 4 3 107 0 0 74
$465,000 1,156 4,500 - 6,500 sqft 2 1 99 0 0 65
$440,000 1,472 0 - 4,500 sqft 3 2 96 0 0 175
$395,000 826 0 - 4,500 sqft 3 1 99 0 0 100