Pango Group

Long Beach, CA 90804

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90804

Tue Jul 16 2024
This week the median list price for Long Beach, CA 90804 is $907,500 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has increased to 6. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Long Beach, CA 90804

Tue Jul 16 2024
This week the median list price for Long Beach, CA 90804 is $907,500 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has increased to 6. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $907,500
Median Price of New Listings $587,000
Per Square Foot $888
Average Days on Market 20
Median Days on Market 14
Price Decreased 33%
Price Increased 17%
Relisted 0%
Inventory 6
Median Rent
Market Action 60
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
$1,599,000 1,737 6,500 - 8,000 sqft 4 4 NaN 0 0 28
$1,475,000 2,285 6,500 - 8,000 sqft 5 4 NaN 0 1 56
$907,500 1,120 4,500 - 6,500 sqft 2 1.5 106 0 0 10
$693,000 675 0 - 4,500 sqft 1 1.5 101 1 2 7