Housing Market Report

Long Beach, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Long Beach, CA

Mon Jun 17 2019
This week the median list price for Long Beach, CA is $749,000 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 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Long Beach, CA

Mon Jun 17 2019
This week the median list price for Long Beach, CA is $749,000 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 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $749,000
Per Square Foot $480
Days on Market 79
Price Decreased 39%
Price Increased 4%
Relisted 8%
Inventory 379
Median House Rent $2,550
Most Expensive $6,299,999
Least Expensive $299,000
Market Action Index
Strong Seller's Market
46

The market seems to have paused around its high point. 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
$1,544,500 2,556 0 - 4,500 sqft 4 3 67 7 8 125
$887,000 1,925 4,500 - 6,500 sqft 3 2 66 17 14 64
$669,900 1,494 4,500 - 6,500 sqft 3 1 69 26 19 57
$480,000 1,076 4,500 - 6,500 sqft 3 1 64 15 14 69