Top Real Estate Agents in Long Beach, California

Download the Rankings

  • Choose Location
    • No qualifiers found. Please navigate to a different category.

    Download the Rankings

    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

    United-Real-Estate

    United Real Estate CEO on minding the value gap for franchisees HW+

    Sep 29, 2023By

    “You’ve probably heard this mantra — your listing, your lead, but most of the lead aggregators in the country say, ‘Your listing, our lead, and then we’ll distribute it to whoever pays us the most,’” said Dan Duffy, CEO of United Holdings at Elevate, the firm’s annual conference held in Orlando. “We’re trying to reverse […]

    Housing Market News

    As rising mortgage rates push buyers to the brink, sellers are starting to cut prices HW+

    Sep 29, 2023By

    In some markets, more than 50% of active listings have had a price cut as mortgage rates rise ever closer to the 8% mark.

    Frequently Asked Questions

    Run a Report
    presented-by-Altos

    Long Beach News

    Orlando, Florida, USA Downtown Drone Skyline Aerial

    Amid rising housing costs, prospective homebuyers are looking to relocate: Redfin HW+

    Sep 28, 2023By

    A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found.