Deric Rangell

Long Beach, CA 90807

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90807

Tue Jun 18 2019
This week the median list price for Long Beach, CA 90807 is $832,450 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 28. Click here to stay informed with the Long Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Long Beach, CA 90807

Tue Jun 18 2019
This week the median list price for Long Beach, CA 90807 is $832,450 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 28. Click here to stay informed with the Long Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $832,450
Per Square Foot $434
Days on Market 100
Price Decreased 54%
Price Increased 11%
Relisted 32%
Inventory 28
Median House Rent $3,000
Most Expensive $1,560,000
Least Expensive $599,000
Market Action Index
Strong Seller's Market
57

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,249,000 3,126 8,000 - 10,000 sqft 4 2 82 0 1 167
$887,000 2,287 6,500 - 8,000 sqft 3 1 73 1 0 63
$779,999 2,160 6,500 - 8,000 sqft 4 2 75 2 1 118
$649,000 1,360 4,500 - 6,500 sqft 2 1 77 3 4 55