Long Beach, CA Home Values & Market Trends
Real estate market trends reflect that there have been 3,028 transactions over the past year in Long Beach. The median value for residential home transactions that occurred over the previous year is $830,517.47. The number of current listings in Long Beach is 332, and the percentage of properties for sale in the city is 332.00%. Long Beach, CA currently has 212 properties in foreclosure, 5 bank owned properties, 41 properties headed for auction, and 332 properties for sale.
Long Beach, CA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 90802 | $ 491,811 $ 678/sqft | 90813 | $ 582,251 $ 508/sqft |
| 90815 | $ 974,500 $ 627/sqft | 90814 | $ 719,000 $ 630/sqft |
| 90808 | $ 983,971 $ 670/sqft | 90806 | $ 701,325 $ 518/sqft |
| 90803 | $ 1,363,250 $ 764/sqft | 90840 | $ -- $ -- |
| 90807 | $ 944,616 $ 527/sqft | 90822 | $ -- $ -- |
| 90805 | $ 699,000 $ 518/sqft | 90844 | $ -- $ -- |
| 90804 | $ 514,000 $ 590/sqft | 90831 | $ -- $ -- |
| 90810 | $ 670,000 $ 543/sqft |
Housing Market Summary for Long Beach, CA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $786K | $843.1K | 7.27% |
| Median Sold Price | $829.6K | $843.1K | 1.63% |
| Homes For Sale | 369 | 330 | -10.57% |
| Homes Sold | 2,790 | 2,775 | -0.54% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Long Beach, CA
Browse Homes in Long Beach, CA
Long Beach home values range from $104,797 to $9,962,680. The median estimated value of a home in Long Beach is $830,517.47. The median list price of a home is 799,000, and the total count of properties in the city is 91,017.
- Pre-ForeclosurePre-foreclosure homes account for 0.18% of all residential properties in Long Beach, CA with 90805 containing 38 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 15 zips within Long Beach, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $925,250 in 90808 to the lowest home value of $325,312 in 90802.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Long Beach, CA ranges from the highest value of $912,500 in 90803 to the lowest value of $399,900 in 90813. Bank owned homes and properties account for 0.01% of properties in Long Beach, CA. There are 15 zips within Long Beach, CA; 90805 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions90805 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Long Beach, CA. Auction homes and other auction properties account for 0.05% of all properties in Long Beach, CA. There are 15 zips within Long Beach, CA; of those zips, the median estimated home value for homes going to auction ranges from $753,750 in 90814 to the lowest value of $493,500 in 90814.
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Guide for Long Beach, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
Strong demand and a robust economy are driving Long Beach’s real estate market, with property values and cost per square foot on the rise.
This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
