Pango Group

Long Beach, CA 90807

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90807

Fri Mar 29 2024
This week the median list price for Long Beach, CA 90807 is $1,274,899 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has increased to 16. 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

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

Fri Mar 29 2024
This week the median list price for Long Beach, CA 90807 is $1,274,899 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has increased to 16. 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

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 $1,274,899
Median Price of New Listings $944,250
Per Square Foot $644
Average Days on Market 76
Median Days on Market 25
Price Decreased 19%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 67
Strong Seller's Market

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
$2,942,500 4,598 0.25 - 0.5 acre 5 6 89 0 0 108
$1,762,000 3,415 8,000 - 10,000 sqft 4 3.5 77 0 0 189
$1,137,000 1,633 4,500 - 6,500 sqft 3 2.5 91 2 1 7
$899,000 1,485 4,500 - 6,500 sqft 3 2 83 2 0 3