Pango Group

Long Beach, CA 90808

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90808

Thu Jun 08 2023
This week the median list price for Long Beach, CA 90808 is $999,995 with the market action index hovering around 88. This is an increase over last month's market action index of 87. Inventory has increased to 15. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. 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 90808

Thu Jun 08 2023
This week the median list price for Long Beach, CA 90808 is $999,995 with the market action index hovering around 88. This is an increase over last month's market action index of 87. Inventory has increased to 15. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. 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 $999,995
Median Price of New Listings $980,000
Per Square Foot $639
Average Days on Market 33
Median Days on Market 0
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 88
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$1,465,000 1,383 4,500 - 6,500 sqft 3 2 69 1 1 7
$1,249,497 2,059 4,500 - 6,500 sqft 4 2.5 59 0 1 14
$992,000 1,594 4,500 - 6,500 sqft 3 2 70 4 4 0
$775,000 1,084 4,500 - 6,500 sqft 2 1 71 3 3 0