Pango Group
Long Beach, CA 90802
Single-Family Homes
www.pangogroup.com
Long Beach, CA 90802
Mon Oct 21 2024
This week the median list price for Long Beach, CA 90802 is $599,450 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
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
| Median List Price | $599,450 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $703 | |
| Average Days on Market | 99 | |
| Median Days on Market | 28 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,600,000 | 3,421 | 8,000 - 10,000 sqft | 10 | 5 | 101 | 0 | 0 | 28 |
| $899,000 | 1,220 | 0 - 4,500 sqft | 2 | 2 | 116 | 0 | 0 | 49 |
| $599,450 | 572 | 0.25 - 0.5 acre | 1 | 1 | NaN | 0 | 0 | 231 |
| $354,999 | 620 | 0.25 - 0.5 acre | 1 | 1 | 82 | 0 | 2 | 28 |