Pango Group
Long Beach, CA 90804
Single-Family Homes
www.pangogroup.com
Long Beach, CA 90804
Sat Jun 10 2023
This week the median list price for Long Beach, CA 90804 is $829,900 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $829,900 | |
| Median Price of New Listings | $675,000 | |
| Per Square Foot | $605 | |
| Average Days on Market | 54 | |
| Median Days on Market | 28 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 9 | |
| Median Rent | ||
| Market Action | 50 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,117,000 | 1,929 | 5 - 10 acres | 3 | 3 | 104 | 0 | 0 | 49 |
| $899,000 | 1,318 | 6,500 - 8,000 sqft | 3 | 2 | 102 | 0 | 0 | 17 |
| $814,450 | 1,762 | 4,500 - 6,500 sqft | 4 | 2 | 99 | 0 | 0 | 157 |
| $675,000 | 992 | 0 - 4,500 sqft | 3 | 2 | 100 | 1 | 0 | 14 |