Housing Market Report

Long Beach, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Long Beach, CA

Sun Jul 21 2019
This week the median list price for Long Beach, CA is $749,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 410. 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

The market has started cooling and prices have recently plateaued. Since 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

Sun Jul 21 2019
This week the median list price for Long Beach, CA is $749,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 410. 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

The market has started cooling and prices have recently plateaued. Since 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 $749,000
Per Square Foot $478
Days on Market 74
Price Decreased 37%
Price Increased 4%
Relisted 8%
Inventory 410
Median House Rent $2,223
Most Expensive $5,750,000
Least Expensive $299,000
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
$1,424,475 2,503 0 - 4,500 sqft 3 3 69 8 4 124
$872,450 1,957 4,500 - 6,500 sqft 3 2 66 13 13 55
$650,000 1,494 4,500 - 6,500 sqft 3 1 69 16 20 54
$480,000 1,070 4,500 - 6,500 sqft 2 1 77 16 20 64