Housing Market Report

Long Beach, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Long Beach, CA

Fri Sep 20 2019
This week the median list price for Long Beach, CA is $735,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 357. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Long Beach, CA

Fri Sep 20 2019
This week the median list price for Long Beach, CA is $735,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 357. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $735,000
Per Square Foot $493
Days on Market 69
Price Decreased 38%
Price Increased 4%
Relisted 5%
Inventory 357
Median House Rent $2,600
Most Expensive $11,995,000
Least Expensive $299,000
Market Action Index
Strong Seller's Market
46

The market appears to be hovering around this plateau. Look for a persistent change 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
$1,499,000 2,531 0 - 4,500 sqft 4 3 72 12 8 115
$849,000 1,870 4,500 - 6,500 sqft 3 1 69 19 13 54
$649,900 1,412 4,500 - 6,500 sqft 3 1 74 19 22 51
$482,450 1,026 0 - 4,500 sqft 2 1 77 14 9 56