RealTrends Market Report

Long Beach, CA

Single-Family Homes

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Long Beach, CA

Sat Jul 20 2024
This week the median list price for Long Beach, CA is $1,165,000 with the market action index hovering around 58. This is less than last month's market action index of 60. Inventory has held steady at or around 197. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Long Beach, CA

Sat Jul 20 2024
This week the median list price for Long Beach, CA is $1,165,000 with the market action index hovering around 58. This is less than last month's market action index of 60. Inventory has held steady at or around 197. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $1,165,000
Median Price of New Listings $1,010,000
Per Square Foot $758
Average Days on Market 57
Median Days on Market 35
Price Decreased 31%
Price Increased 2%
Relisted 4%
Inventory 197
Median Rent
Market Action 58
Strong Seller's Market

The market seems to have paused around this plateau. 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
$2,280,000 2,603 0 - 4,500 sqft 4 4 70 0 2 63
$1,399,000 2,095 4,500 - 6,500 sqft 3 2 74 10 12 28
$1,010,000 1,513 4,500 - 6,500 sqft 3 2 73 15 14 21
$729,500 1,096 0 - 4,500 sqft 3 2 81 12 17 21