Deric Rangell

Long Beach, CA 90808

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90808

Sat Aug 17 2019
This week the median list price for Long Beach, CA 90808 is $779,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has held steady at or around 67. 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

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

Sat Aug 17 2019
This week the median list price for Long Beach, CA 90808 is $779,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has held steady at or around 67. 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

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 $779,000
Per Square Foot $430
Days on Market 41
Price Decreased 43%
Price Increased 3%
Relisted 7%
Inventory 67
Median House Rent $2,795
Most Expensive $1,350,000
Least Expensive $530,000
Market Action Index
Strong Seller's Market
59

We continue to see prices in this zip code bounce 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
$974,495 2,527 4,500 - 6,500 sqft 4 2 52 2 0 46
$849,000 2,230 4,500 - 6,500 sqft 4 2 65 2 3 48
$714,900 1,492 4,500 - 6,500 sqft 3 1 69 5 5 35
$639,999 1,210 4,500 - 6,500 sqft 3 0 69 6 6 36