Top Real Estate Agents in Long Beach, California

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    2022 Market Summary

    Long Beach, California started 2022 with a total of 77 single-family homes on the market, with a median home price of $950,000 and an average price per square foot of $669. By the end of the year, inventory had increased to 153 homes on the market (+98%), with a median home price of $900,000 (-5%) and an average price per square foot of $665 (+0%).

    At the start of 2022, the median days on market (DOM) was 35 days – by the end of the year, median DOM had increased to 63 days.

    Long Beach started the year with 15% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Long Beach homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Long Beach started 2022 as a strong seller’s market, with an MAI score of 61; by the end of the year, the MAI had dropped to 40 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Latest Posts

    Relitix agent mobility, real estate agent movement

    Real estate agents are staying put: Relitix HW+

    Sep 26, 2023By

    Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index™ shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, […]

    Housing Market News

    ZHVI YOY Change Aug. 2023

    DataDigest: Today’s homebuyers are seeking affordability not found in the West HW+

    Sep 27, 2023By

    With the exception of New Orleans, the 10 cities with the biggest year-over-year drop in typical home values were all more expensive than the 10 cities with the biggest year-over-year increase in home values.

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    Long Beach News

    Remax

    RE/MAX Proper acquires indie brokerage All Nations HW+

    Sep 06, 2023By

    In total, 126 agents and staff members at All Nations have joined RE/Max Proper, increasing the total agent count to 203.