Is Long Beach-Lakewood, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Long Beach-Lakewood is a seller's market


Difference Since February 2023

Since last year, Long Beach-Lakewood has remained a Seller's Market.

Key Takeaway

Long Beach-Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Long Beach-Lakewood, CA

How much do homes in Long Beach-Lakewood, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Long Beach-Lakewood have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Long Beach-Lakewood was $800,122 in February 2024, up 1.9% from last year, and the median price per square foot was $604.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $430K$437.5K
2 $629.6K$650K
3 $856.5K$869.9K
4 $1.0M$1.0M
5+ $1.2M$1.2M

Summary: Long Beach-Lakewood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

Long Beach
Long Beach-Lakewood
Signal Hill

Housing Supply in Long Beach-Lakewood, CA

How many homes are available in Long Beach-Lakewood, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Long Beach-Lakewood real estate market had 683 homes for sale in February 2024, a 1.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10699
2 196204
3 266251
4 8074
5+ 4355

Summary: The Long Beach-Lakewood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 27.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

86 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Long Beach-Lakewood, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Summary: A total of 181 homes were sold or pending in Long Beach-Lakewood in February 2024, down by 4.7% month-over-month. Of the 181 sold homes, 36% were sold under asking, 17% were sold at asking, and 48% were sold over asking.

Days on Market for Long Beach-Lakewood, CA

How long does it take to sell a home in Long Beach-Lakewood, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
39 Days29 Days-24.6%

Summary: Homes in Long Beach-Lakewood had an average of 29 days on market in Feb 2024, down by 24.6% compared to last year.

Breakdown of Home Sale Times

123 Homes Were Sold
Under 30 Days

46 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Long Beach-Lakewood are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 181 homes were sold in Long Beach-Lakewood; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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