Pango Group

Long Beach, CA 90807

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90807

Sat Nov 27 2021
This week the median list price for Long Beach, CA 90807 is $1,287,499 with the market action index hovering around 77. This is an increase over last month's market action index of 76. Inventory has decreased to 18. 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

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 and prices have recently resumed upward pressure.

Long Beach, CA 90807

Sat Nov 27 2021
This week the median list price for Long Beach, CA 90807 is $1,287,499 with the market action index hovering around 77. This is an increase over last month's market action index of 76. Inventory has decreased to 18. 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

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 and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $1,287,499
Median Price of New Listings $1,365,000
Per Square Foot $472
Average Days on Market 70
Median Days on Market 7
Price Decreased 22%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent $3,000
Market Action 77
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$2,037,999 4,672 0.25 - 0.5 acre 4 4.5 42 1 1 17
$1,410,000 2,937 6,500 - 8,000 sqft 4 3.5 66 2 3 21
$980,000 2,484 6,500 - 8,000 sqft 4 3 78 1 2 84
$749,000 1,581 6,500 - 8,000 sqft 3 2 76 1 2 7