Deric Rangell

Long Beach, CA 90815

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90815

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 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 90815

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 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 $775,000
Per Square Foot $471
Days on Market 57
Price Decreased 52%
Price Increased 0%
Relisted 7%
Inventory 44
Median House Rent $3,700
Most Expensive $1,899,000
Least Expensive $567,000
Market Action Index
Strong Seller's Market
58

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
$920,000 2,825 6,500 - 8,000 sqft 4 2 66 1 1 63
$799,000 1,661 4,500 - 6,500 sqft 3 1 67 1 0 40
$749,000 1,682 4,500 - 6,500 sqft 3 1 66 1 2 57
$667,900 1,354 4,500 - 6,500 sqft 3 1 68 0 0 70