Pango Group

Long Beach, CA 90804

Single-Family Homes

www.pangogroup.com


Long Beach, CA 90804

Sat Sep 30 2023
This week the median list price for Long Beach, CA 90804 is $675,000 with the market action index hovering around 52. This is less than last month's market action index of 57. Inventory has decreased to 7. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Long Beach, CA 90804

Sat Sep 30 2023
This week the median list price for Long Beach, CA 90804 is $675,000 with the market action index hovering around 52. This is less than last month's market action index of 57. Inventory has decreased to 7. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $675,000
Median Price of New Listings $0
Per Square Foot $613
Average Days on Market 57
Median Days on Market 49
Price Decreased 86%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 52
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,195,000 3,580 6,500 - 8,000 sqft 4 5 76 0 0 70
$990,000 2,262 0 - 4,500 sqft 4 3 100 0 0 35
$664,999 980 0 - 4,500 sqft 2 2 69 0 0 35
$591,944 752 0 - 4,500 sqft 1 1 101 0 0 94