Deric Rangell

Long Beach, CA 90815

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90815

Tue Feb 19 2019
This week the median list price for Long Beach, CA 90815 is $768,000 with the market action index hovering around 45. This is an increase over last month's market action index of 40. Inventory has held steady at or around 41. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Long Beach, CA 90815

Tue Feb 19 2019
This week the median list price for Long Beach, CA 90815 is $768,000 with the market action index hovering around 45. This is an increase over last month's market action index of 40. Inventory has held steady at or around 41. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $768,000
Per Square Foot $485
Days on Market 71
Price Decreased 51%
Price Increased 2%
Relisted 5%
Inventory 41
Median House Rent $2,900
Most Expensive $1,899,000
Least Expensive $574,900
Market Action Index
Strong Seller's Market
45

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
$1,375,000 3,084 8,000 - 10,000 sqft 5 2 63 0 2 82
$885,000 1,847 6,500 - 8,000 sqft 4 1 65 0 1 82
$704,950 1,414 4,500 - 6,500 sqft 3 1 66 1 4 71
$665,000 1,332 4,500 - 6,500 sqft 3 0 67 3 2 52