Deric Rangell

Long Beach, CA 90803

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90803

Tue Feb 19 2019
This week the median list price for Long Beach, CA 90803 is $1,474,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 64. 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

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Long Beach, CA 90803

Tue Feb 19 2019
This week the median list price for Long Beach, CA 90803 is $1,474,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 64. 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

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $1,474,500
Per Square Foot $665
Days on Market 118
Price Decreased 36%
Price Increased 0%
Relisted 13%
Inventory 64
Median House Rent $2,795
Most Expensive $5,900,000
Least Expensive $658,888
Market Action Index
Slight Buyer's Advantage
29

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,850,000 3,095 0 - 4,500 sqft 4 4 63 2 0 166
$1,597,495 2,661 0 - 4,500 sqft 4 3 60 2 0 113
$1,304,950 2,392 0 - 4,500 sqft 3 3 79 2 1 122
$1,014,000 1,221 0 - 4,500 sqft 3 2 75 3 1 72