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.
Key Takeaway
Long Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Long Beach have sold for 1.9% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Long Beach, you could pay more than the asking price. 53.6% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Long Beach are selling fast, if you're buying plan to act quickly.
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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.