Pango Group

Long Beach, CA 90802

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90802

Tue Jul 16 2024
This week the median list price for Long Beach, CA 90802 is $689,450 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has held steady at or around 4. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Long Beach, CA 90802

Tue Jul 16 2024
This week the median list price for Long Beach, CA 90802 is $689,450 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has held steady at or around 4. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $689,450
Median Price of New Listings $815,000
Per Square Foot $830
Average Days on Market 109
Median Days on Market 46
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 52
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
$815,000 914 0 - 4,500 sqft 2 2 NaN 1 0 0
$779,900 688 0 - 4,500 sqft 2 1 110 0 0 343
$599,000 825 0 - 4,500 sqft 2 1 NaN 0 0 21
$595,000 772 0 - 4,500 sqft 2 1 121 0 1 70