Deric Rangell

Long Beach, CA 90803

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90803

Thu Feb 27 2020
This week the median list price for Long Beach, CA 90803 is $1,477,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 66. 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.

Slight Seller's Advantage

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 90803

Thu Feb 27 2020
This week the median list price for Long Beach, CA 90803 is $1,477,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 66. 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.

Slight Seller's Advantage

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 $1,477,000
Per Square Foot $767
Days on Market 118
Price Decreased 23%
Price Increased 8%
Relisted 8%
Inventory 66
Median Rent $3,500
Most Expensive $9,995,000
Least Expensive $719,000
Market Action 35
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$3,696,500 3,402 0 - 4,500 sqft 4 4 46 1 0 126
$1,839,000 2,518 0 - 4,500 sqft 4 3 49 3 1 153
$1,299,000 1,930 0 - 4,500 sqft 3 2 84 3 2 91
$950,000 1,305 0 - 4,500 sqft 2 2 91 2 0 103