Pango Group

Long Beach, CA 90808

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90808

Tue Jul 16 2024
This week the median list price for Long Beach, CA 90808 is $1,149,000 with the market action index hovering around 78. This is less than last month's market action index of 80. Inventory has increased to 29. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Tue Jul 16 2024
This week the median list price for Long Beach, CA 90808 is $1,149,000 with the market action index hovering around 78. This is less than last month's market action index of 80. Inventory has increased to 29. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,149,000
Median Price of New Listings $1,074,000
Per Square Foot $713
Average Days on Market 31
Median Days on Market 14
Price Decreased 28%
Price Increased 0%
Relisted 0%
Inventory 29
Median Rent
Market Action 78
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
$1,585,000 2,729 4,500 - 6,500 sqft 4 4 55 1 0 35
$1,250,000 1,792 4,500 - 6,500 sqft 3 2 75 2 1 28
$1,080,000 1,378 4,500 - 6,500 sqft 3 2 74 4 2 0
$914,500 1,261 4,500 - 6,500 sqft 3 2 72 3 1 10