Is Long Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Long Beach has remained a Seller's Market.
Housing Prices in Long Beach, CA
How much do homes in Long Beach, CA cost?
Median Sold Price
$790,334
$616/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Long Beach was $790,334 in April 2024, up 1.9% from last year, and the median price per square foot was $616.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $447.3K | +2.8% |
2 Bedrooms | $625K | $649.7K | +4.0% |
3 Bedrooms | $894.3K | $915.1K | +2.3% |
4 Bedrooms | $1.0M | $1.1M | +6.8% |
5+ Bedrooms | $1.3M | $1.3M | +4.4% |
Summary: Long Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Lakewood | $799.1K | $835K | +4.5% |
Long Beach-Lakewood | $779.7K | $804.7K | +3.2% |
Long Beach | $775.3K | $790.3K | +1.9% |
Signal Hill | $680K | $595K | -12.5% |
Housing Supply in Long Beach, CA
How many homes are available in Long Beach, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
646 | 698 | +8.0% |
Summary: The Long Beach real estate market had 698 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 100 | 100 | 0.0% |
2 Bedrooms | 212 | 234 | +10.4% |
3 Bedrooms | 222 | 231 | +4.1% |
4 Bedrooms | 76 | 91 | +19.7% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The Long Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
177 | 179 | +1.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
96 Homes Were Sold
Over Asking
Summary: A total of 179 homes were sold or pending in Long Beach in April 2024, up by 1.1% month-over-month. Of the 179 sold homes, 26% were sold under asking, 20% were sold at asking, and 54% were sold over asking.
Days on Market for Long Beach, CA
How long does it take to sell a home in Long Beach, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 27 Days | -6.7% |
Summary: Homes in Long Beach had an average of 27 days on market in Apr 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
133 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 179 homes were sold in Long Beach; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.