Real Estate Market Report

Long Beach, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Long Beach, CA

Sun May 26 2019
This week the median list price for Long Beach, CA is $775,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 379. 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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Long Beach, CA

Sun May 26 2019
This week the median list price for Long Beach, CA is $775,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 379. 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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $775,000
Per Square Foot $483
Days on Market 75
Price Decreased 36%
Price Increased 3%
Relisted 7%
Inventory 379
Median House Rent $2,545
Most Expensive $6,299,999
Least Expensive $335,000
Market Action Index
Strong Seller's Market
45

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,554,500 2,590 0 - 4,500 sqft 4 3 65 4 9 120
$899,000 1,825 4,500 - 6,500 sqft 3 1 66 16 12 59
$678,000 1,513 4,500 - 6,500 sqft 3 1 67 20 28 58
$479,000 1,173 4,500 - 6,500 sqft 2 1 66 16 18 65