Pango Group
Long Beach, CA 90806
Single-Family Homes
www.pangogroup.com
Long Beach, CA 90806
Thu Apr 18 2024
This week the median list price for Long Beach, CA 90806 is $824,499 with the market action index hovering around 57. This is an increase over last month's market action index of 50. Inventory has decreased to 4.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $824,499 | |
| Median Price of New Listings | $872,499 | |
| Per Square Foot | $544 | |
| Average Days on Market | 11 | |
| Median Days on Market | 7 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 57 | |
| Strong Seller's Market | ||
Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 |
|---|---|---|---|---|---|---|---|---|
| $995,000 | 1,829 | 6,500 - 8,000 sqft | 3 | 2 | 37 | 1 | 1 | 0 |
| $899,000 | 2,429 | 4,500 - 6,500 sqft | 3 | 4 | NaN | 0 | 0 | 14 |
| $749,999 | 1,377 | 0 - 4,500 sqft | 2 | 2 | 63 | 1 | 2 | 0 |
| $529,000 | 799 | 0 - 4,500 sqft | 2 | 2 | 113 | 0 | 1 | 28 |