Is Long Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$790,000
$612/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Long Beach was $790,000 in March 2024, up 1% from last year, and the median price per square foot was $612.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $446.6K | +2.7% |
2 Bedrooms | $625K | $650K | +4.0% |
3 Bedrooms | $900K | $914K | +1.6% |
4 Bedrooms | $1.1M | $1.1M | +2.4% |
5+ Bedrooms | $1.3M | $1.3M | +4.3% |
Summary: Long Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Lakewood | $800K | $830K | +3.8% |
Long Beach-Lakewood | $784.6K | $800.9K | +2.1% |
Long Beach | $782.5K | $790K | +1.0% |
Signal Hill | $680.5K | $585.5K | -14.0% |
Housing Supply in Long Beach, CA
How many homes are available in Long Beach, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
606 | 617 | +1.8% |
Summary: The Long Beach real estate market had 617 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 96 | 103 | +7.3% |
2 Bedrooms | 195 | 194 | -0.5% |
3 Bedrooms | 205 | 203 | -1.0% |
4 Bedrooms | 71 | 75 | +5.6% |
5+ Bedrooms | 39 | 42 | +7.7% |
Summary: The Long Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.3%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 174 | +15.2% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
76 Homes Were Sold
Over Asking
Summary: A total of 174 homes were sold or pending in Long Beach in March 2024, up by 15.2% month-over-month. Of the 174 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 31 Days | -1.3% |
Summary: Homes in Long Beach had an average of 31 days on market in Mar 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
118 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 174 homes were sold in Long Beach; 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.