Pango Group
Long Beach, CA 90806
Single-Family Homes
www.pangogroup.com
Long Beach, CA 90806
Wed Dec 11 2024
This week the median list price for Long Beach, CA 90806 is $900,000 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has decreased to 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $900,000 | |
| Median Price of New Listings | $699,500 | |
| Per Square Foot | $625 | |
| Average Days on Market | 37 | |
| Median Days on Market | 28 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 53 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $999,999 | 1,741 | 6,500 - 8,000 sqft | 4 | 3 | 78 | 0 | 0 | 28 |
| $944,000 | 1,409 | 4,500 - 6,500 sqft | 3 | 3 | 75 | 0 | 0 | 21 |
| $874,900 | 1,610 | 4,500 - 6,500 sqft | 3 | 2 | 93 | 1 | 1 | 63 |
| $747,500 | 1,034 | 4,500 - 6,500 sqft | 3 | 1 | 86 | 1 | 2 | 35 |