Pango Group

Long Beach, CA 90802

Single-Family Homes

www.pangogroup.com


Current active inventory in Long Beach, CA 90802 is very low. Keep this in mind when looking at this report.

Long Beach, CA 90802

Sat Sep 30 2023
This week the median list price for Long Beach, CA 90802 is $869,000 with the market action index hovering around 22. This is an increase over last month's market action index of 10. Inventory has held steady at or around 3. 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.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Long Beach, CA 90802

Sat Sep 30 2023
This week the median list price for Long Beach, CA 90802 is $869,000 with the market action index hovering around 22. This is an increase over last month's market action index of 10. Inventory has held steady at or around 3. 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.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $869,000
Median Price of New Listings $0
Per Square Foot $910
Average Days on Market 37
Median Days on Market 42
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 22
Slight Buyer's Advantage

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$1,325,000 1,456 0 - 4,500 sqft 3 2 118 0 0 42
$869,000 688 0 - 4,500 sqft 2 1 109 0 0 49
$786,000 1,047 0 - 4,500 sqft 2 1 102 0 0 21