Deric Rangell

Long Beach, CA 90808

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90808

Mon Apr 22 2019
This week the median list price for Long Beach, CA 90808 is $737,450 with the market action index hovering around 56. This is an increase over last month's market action index of 51. Inventory has held steady at or around 44. 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 90808

Mon Apr 22 2019
This week the median list price for Long Beach, CA 90808 is $737,450 with the market action index hovering around 56. This is an increase over last month's market action index of 51. Inventory has held steady at or around 44. 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 $737,450
Per Square Foot $468
Days on Market 52
Price Decreased 39%
Price Increased 7%
Relisted 9%
Inventory 44
Median House Rent $2,898
Most Expensive $1,350,000
Least Expensive $519,000
Market Action Index
Strong Seller's Market
56

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
$850,000 2,032 4,500 - 6,500 sqft 4 2 66 3 4 33
$750,000 1,600 4,500 - 6,500 sqft 3 1 66 2 2 57
$695,995 1,566 4,500 - 6,500 sqft 3 1 67 3 6 90
$615,000 1,242 4,500 - 6,500 sqft 3 0 69 4 5 28