Deric Rangell

Long Beach, CA 90807

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90807

Sat Aug 17 2019
This week the median list price for Long Beach, CA 90807 is $777,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 36. 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

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 90807

Sat Aug 17 2019
This week the median list price for Long Beach, CA 90807 is $777,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 36. 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

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 $777,000
Per Square Foot $457
Days on Market 81
Price Decreased 33%
Price Increased 6%
Relisted 19%
Inventory 36
Median House Rent $2,623
Most Expensive $2,995,000
Least Expensive $494,900
Market Action Index
Strong Seller's Market
55

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,400,000 2,678 0.25 - 0.5 acre 3 1 82 0 0 115
$990,000 2,491 6,500 - 8,000 sqft 4 2 69 1 3 128
$730,000 1,818 4,500 - 6,500 sqft 3 1 72 2 3 71
$605,000 1,140 4,500 - 6,500 sqft 3 0 77 3 0 9