Top Medium Teams in Long Beach, California – Ranked by Sides

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Rank – City SidesTeam NameCompanyLocationSidesProfile
1Stepp CommercialKeller WilliamsLong Beach, CA 27.0View Profile

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2023 Long Beach, California Housing Market Summary

Long Beach, California started 2023 with a total of 145 single-family homes on the market, with a median home price of $899,900 and an average price per square foot of $676. By the end of the year, inventory had decreased to 131 homes on the market (-9%), with a median home price of $985,000 (+9%) and an average price per square foot of $756 (+11%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 56 days.

Long Beach started the year with 43% 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 41% of Long Beach homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Long Beach started 2023 as a strong seller’s market, with an MAI score of 46; by the end of the year, the MAI had rose to 55 – a strong seller’s advantage.

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

Housing Market News

It’s time to address rural America’s housing crisis 

Nov 04, 2024By

As candidates in the upcoming presidential election offer strategies to address a national housing crisis, there is an urgent need for new solutions for the housing shortage in rural America. The current set of federal policies often takes a “one size fits all” approach based on urban and suburban market economics. Consequently, one in four rural households cannot afford the home they live in, let alone a move up the ladder of the American dream.

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