Pango Group

Long Beach, CA 90807

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90807

Thu Dec 01 2022
This week the median list price for Long Beach, CA 90807 is $1,099,500 with the market action index hovering around 55. This is less than last month's market action index of 59. Inventory has increased to 30. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Thu Dec 01 2022
This week the median list price for Long Beach, CA 90807 is $1,099,500 with the market action index hovering around 55. This is less than last month's market action index of 59. Inventory has increased to 30. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,099,500
Median Price of New Listings $975,000
Per Square Foot $593
Average Days on Market 42
Median Days on Market 25
Price Decreased 40%
Price Increased 0%
Relisted 7%
Inventory 30
Median Rent
Market Action 55
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$2,999,000 4,000 0.25 - 0.5 acre 5 5 84 2 1 21
$1,180,000 1,874 4,500 - 6,500 sqft 3 2 84 1 1 7
$975,000 1,777 4,500 - 6,500 sqft 3 2 79 2 0 38
$784,000 1,495 4,500 - 6,500 sqft 3 1 80 2 1 28