RealTrends Market Report

Long Beach, CA

Single-Family Homes

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Long Beach, CA

Sun Dec 10 2023
This week the median list price for Long Beach, CA is $999,450 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has decreased to 152. 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 has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Long Beach, CA

Sun Dec 10 2023
This week the median list price for Long Beach, CA is $999,450 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has decreased to 152. 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 has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $999,450
Median Price of New Listings $967,444
Per Square Foot $659
Average Days on Market 63
Median Days on Market 42
Price Decreased 43%
Price Increased 3%
Relisted 11%
Inventory 152
Median Rent
Market Action 55
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,547,500 2,747 0 - 4,500 sqft 4 4 74 5 7 80
$1,280,444 1,999 4,500 - 6,500 sqft 3 3 73 5 3 52
$892,000 1,445 4,500 - 6,500 sqft 3 2 74 6 4 21
$605,000 907 4,500 - 6,500 sqft 2 1 84 8 7 35