Deric Rangell

Long Beach, CA 90807

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90807

Wed Jul 17 2019
This week the median list price for Long Beach, CA 90807 is $769,500 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has held steady at or around 38. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Long Beach, CA 90807

Wed Jul 17 2019
This week the median list price for Long Beach, CA 90807 is $769,500 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has held steady at or around 38. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $769,500
Per Square Foot $427
Days on Market 74
Price Decreased 37%
Price Increased 16%
Relisted 24%
Inventory 38
Median House Rent $1,800
Most Expensive $2,995,000
Least Expensive $450,000
Market Action Index
Strong Seller's Market
54

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$1,249,000 2,964 8,000 - 10,000 sqft 4 2 81 1 0 120
$865,000 2,352 6,500 - 8,000 sqft 4 2 77 1 2 103
$710,000 1,640 4,500 - 6,500 sqft 3 1 75 2 2 52
$582,000 1,144 4,500 - 6,500 sqft 2 1 77 3 3 27