Deric Rangell

Long Beach, CA 90813

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90813

Mon Jul 22 2019
This week the median list price for Long Beach, CA 90813 is $532,500 with the market action index hovering around 42. This is less than last month's market action index of 47. Inventory has held steady at or around 10. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Mon Jul 22 2019
This week the median list price for Long Beach, CA 90813 is $532,500 with the market action index hovering around 42. This is less than last month's market action index of 47. Inventory has held steady at or around 10. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $532,500
Per Square Foot $419
Days on Market 46
Price Decreased 40%
Price Increased 10%
Relisted 10%
Inventory 10
Median House Rent $2,598
Most Expensive $679,000
Least Expensive $369,900
Market Action Index
Slight Seller's Advantage
42

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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
$662,000 1,576 6,500 - 8,000 sqft 3 1 105 0 0 24
$599,500 1,810 0 - 4,500 sqft 4 3 105 0 0 101
$490,000 992 4,500 - 6,500 sqft 3 2 96 1 1 25
$400,000 690 0 - 4,500 sqft 2 1 97 0 1 44