Pango Group

Long Beach, CA 90803

Single-Family Homes

www.pangogroup.com


Long Beach, CA 90803

Mon Dec 02 2024
This week the median list price for Long Beach, CA 90803 is $1,987,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 48. 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 Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Long Beach, CA 90803

Mon Dec 02 2024
This week the median list price for Long Beach, CA 90803 is $1,987,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 48. 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 Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $1,987,000
Median Price of New Listings $1,874,999
Per Square Foot $912
Average Days on Market 115
Median Days on Market 70
Price Decreased 35%
Price Increased 2%
Relisted 17%
Inventory 48
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,797,000 2,990 0 - 4,500 sqft 4 4 31 1 1 105
$2,149,499 2,523 0 - 4,500 sqft 3 3 80 1 2 122
$1,799,999 2,349 0 - 4,500 sqft 4 3 69 0 0 63
$1,390,000 1,248 0 - 4,500 sqft 2 2 96 2 1 14