Is City of Long Beach, NY 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, City of Long Beach has remained a Buyer's Market.
Key Takeaway
City of Long Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in City of Long Beach, NY
How much do homes in City of Long Beach, NY cost?
Median Sold Price
$660,625
$506/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in City of Long Beach have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in City of Long Beach was $660,625 in March 2024, up 1.2% from last year, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $396.5K | $415K | +4.7% |
| 2 Bedrooms | $615K | $615K | 0.0% |
| 3 Bedrooms | $705K | $775.5K | +10.0% |
| 4 Bedrooms | $877.5K | $910K | +3.7% |
| 5+ Bedrooms | $950K | $1.1M | +15.8% |
Summary: City of Long Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Neighborhoods
| City of Long Beach | $652.5K | $660.6K | +1.2% |
| Lido Beach | $935K | $931K | -0.4% |
Housing Supply in City of Long Beach, NY
How many homes are available in City of Long Beach, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 177 | 204 | +15.3% |
Summary: The City of Long Beach real estate market had 204 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 44 | +10.0% |
| 2 Bedrooms | 37 | 43 | +16.2% |
| 3 Bedrooms | 44 | 51 | +15.9% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The City of Long Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 21 | +75.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in City of Long Beach, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in City of Long Beach in March 2024, up by 75.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for City of Long Beach, NY
How long does it take to sell a home in City of Long Beach, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 91 Days | 82 Days | -10.5% |
Summary: Homes in City of Long Beach had an average of 82 days on market in Mar 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in City of Long Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in City of Long Beach; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.