Downtown Long Beach

Condo Prices Up In Downtown Long Beach

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90802 Real Estate Market Update

After two months of declines, the median price of single family homes in 90802 went up a little in November 2015. At $385,000, the median home price in 90802, which includes downtown Long Beach, is lower than it was at the beginning of the year.

However, closed sales of single family homes in 90802 have been very low as most of the area consists of businesses, condos, and multi-family housing. So, for example, there were just two houses that sold in 90802 in November 2015.

Condo Sales in 90802

In contrast, there were 31 condo that sold in 90802 in November 2015, down from a peak of 48 sales in August this year.

The median price for condominiums in 90802 in November 2015 was $290,000. While slightly lower than last month, it’s 11.5% higher than it was in November 2014.

The number of condo sales last month was 31, which remains consistent with November 2014, but is lower than it’s been since February of this year.

One factor impacting the volume of sales is the low inventory of available condos for sale in 90802. With just a 2.5 month supply, the inventory is lower than it’s been all year and 45.7% below this same time last year.

The lack of inventory, coupled with high demand, makes this a great time to sell a condo in 90802. Properties that are priced well and marketed effectively are selling reasonably quickly. The average time on the market as of last month was 51 days, down 20.3% from November 2014.

Seller’s Market in Long Beach

Anytime inventory is as low as it is right now, we experience what’s called a “seller’s market,” meaning that sellers have the upper hand when negotiating because supply is so far below current demand. Although spring and summer are traditionally considered by many to be the best time of year to sell a home, this winter is shaping up to be an excellent opportunity for sellers. If you’d like to find out what your home is worth in today’s market, fill out the form below and we’d be happy to provide you with a custom market evaluation.

Homes for Sale in Downtown Long Beach

  1. 2 beds, 2 full baths
    Home size: 900 sq ft
    Lot size: 8,247 sqft
    Year built: 1987
    Parking spots: 4
    Days on market: 0
  2. 2 beds, 2 full baths
    Home size: 914 sq ft
    Year built: 1988
    Parking spots: 4
    Days on market: 1
  3. 2 beds, 2 full baths
    Home size: 1,369 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Parking spots: 4
    Days on market: 1
  4. 2 beds, 2 full baths
    Home size: 1,377 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Parking spots: 4
    Days on market: 1
  5. 1 bed, 1 full bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 2
    Days on market: 2
  6. 3 beds, 2 full baths
    Home size: 1,510 sq ft
    Lot size: 15,947 sqft
    Year built: 2004
    Parking spots: 4
    Days on market: 3
  7. 2 beds, 2 full baths
    Home size: 1,000 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 4
    Days on market: 4
  8. 2 beds, 1 full bath
    Home size: 907 sq ft
    Lot size: 7,215 sqft
    Year built: 1985
    Parking spots: 4
    Days on market: 5
  9. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,070 sq ft
    Lot size: 33,443 sqft
    Year built: 2007
    Parking spots: 4
    Days on market: 5
  10. 2 beds, 2 full baths
    Home size: 995 sq ft
    Lot size: 16,473 sqft
    Year built: 1959
    Days on market: 5
  11. 2 beds, 2 full baths
    Home size: 867 sq ft
    Lot size: 30,775 sqft
    Year built: 1986
    Parking spots: 1
    Days on market: 5
  12. 0 beds, 1 full bath
    Home size: 616 sq ft
    Year built: 1928
    Days on market: 6
  13. 0 beds, 1 full bath
    Home size: 420 sq ft
    Year built: 1922
    Days on market: 6
  14. 1 bed, 1 full bath
    Home size: 623 sq ft
    Lot size: 7,548 sqft
    Year built: 1954
    Days on market: 6
  15. 2 beds, 1 full, 1 half baths
    Home size: 1,031 sq ft
    Lot size: 24,837 sqft
    Year built: 1981
    Parking spots: 4
    Days on market: 7
  16. 3 beds, 2 full baths
    Home size: 1,310 sq ft
    Lot size: 14,496 sqft
    Year built: 1989
    Parking spots: 4
    Days on market: 8
  17. 1 bed, 1 full bath
    Home size: 1,889 sq ft
    Lot size: 15,028 sqft
    Year built: 1925
    Parking spots: 4
    Days on market: 9
  18. 1 bed, 1 full bath
    Home size: 760 sq ft
    Lot size: 1.38 ac
    Year built: 2006
    Parking spots: 2
    Days on market: 10
  19. 2 beds, 1 full bath
    Home size: 816 sq ft
    Lot size: 1.24 ac
    Year built: 1984
    Parking spots: 2
    Days on market: 10
  20. 2 beds, 2 full baths
    Home size: 1,110 sq ft
    Lot size: 33,498 sqft
    Year built: 1928
    Days on market: 10
  21. 1 bed, 1 full bath
    Home size: 881 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Parking spots: 4
    Days on market: 11
  22. 3 beds, 2 full baths
    Home size: 1,551 sq ft
    Lot size: 37,910 sqft
    Year built: 2000
    Parking spots: 4
    Days on market: 12
  23. 1 bed, 1 full bath
    Home size: 624 sq ft
    Lot size: 1.24 ac
    Year built: 1984
    Parking spots: 2
    Days on market: 13
  24. 0 beds, 1 full bath
    Home size: 397 sq ft
    Lot size: 7,504 sqft
    Year built: 1955
    Days on market: 13
  25. 2 beds, 2 full baths
    Home size: 1,014 sq ft
    Lot size: 8,056 sqft
    Year built: 1982
    Parking spots: 2
    Days on market: 14
  26. 1 bed, 1 full bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 1
    Days on market: 14
  27. 1 bed, 1 full bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 2
    Days on market: 14
  28. 1 bed, 1 full, 1 half baths
    Home size: 588 sq ft
    Lot size: 32,280 sqft
    Year built: 1987
    Parking spots: 4
    Days on market: 15
  29. 3 beds, 2 full baths
    Home size: 1,260 sq ft
    Lot size: 33,206 sqft
    Year built: 1965
    Parking spots: 4
    Days on market: 15
  30. 1 bed, 1 full bath
    Home size: 632 sq ft
    Lot size: 1.02 ac
    Year built: 1975
    Parking spots: 2
    Days on market: 16
  31. 2 beds, 1 full, 1 half baths
    Home size: 1,320 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 4
    Days on market: 16
  32. 3 beds, 2 full baths
    Home size: 1,455 sq ft
    Lot size: 37,910 sqft
    Year built: 2000
    Parking spots: 4
    Days on market: 17
  33. 3 beds, 2 full baths
    Home size: 1,952 sq ft
    Lot size: 37,396 sqft
    Year built: 2003
    Parking spots: 4
    Days on market: 19
  34. 1 bed, 1 full bath
    Home size: 822 sq ft
    Lot size: 40,543 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 20
  35. 2 beds, 2 full baths
    Home size: 1,633 sq ft
    Lot size: 25,047 sqft
    Year built: 1986
    Parking spots: 4
    Days on market: 21
  36. 1 bed, 1 full bath
    Home size: 708 sq ft
    Lot size: 9,809 sqft
    Year built: 1956
    Days on market: 22
  37. 2 beds, 2 full baths
    Home size: 989 sq ft
    Lot size: 22,575 sqft
    Year built: 1988
    Parking spots: 2
    Days on market: 22
  38. 3 beds, 3 full baths
    Home size: 1,760 sq ft
    Lot size: 33,443 sqft
    Year built: 2007
    Parking spots: 2
    Days on market: 22
  39. 1 bed, 1 full bath
    Home size: 746 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 1
    Days on market: 23
  40. 0 beds, 1 full bath
    Home size: 1,525 sq ft
    Year built: 1929
    Parking spots: 2
    Days on market: 23

See all Real estate in the 90802 zip code.
(all data current as of 5/25/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Homes In Escrow in Downtown Long Beach

  1. 2 beds, 1 full, 1 half baths
    Home size: 1,034 sq ft
    Year built: 1971
    Parking spots: 2
    Days on market: 0
  2. 1 bed, 1 full bath
    Home size: 701 sq ft
    Lot size: 33,498 sqft
    Year built: 1928
    Days on market: 3
  3. 2 beds, 2 full baths
    Home size: 993 sq ft
    Lot size: 1.02 ac
    Year built: 1975
    Parking spots: 2
    Days on market: 4
  4. 2 beds, 1 full bath
    Home size: 926 sq ft
    Lot size: 16,534 sqft
    Year built: 1928
    Parking spots: 2
    Days on market: 5
  5. 1 bed, 1 full bath
    Home size: 846 sq ft
    Year built: 1975
    Parking spots: 2
    Days on market: 7
  6. 0 beds, 1 full bath
    Home size: 527 sq ft
    Lot size: 19,946 sqft
    Year built: 1923
    Days on market: 8
  7. 2 beds, 2 full baths
    Home size: 945 sq ft
    Lot size: 29,273 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 9
  8. 2 beds, 2 full baths
    Home size: 1,087 sq ft
    Lot size: 8,286 sqft
    Year built: 1956
    Days on market: 13
  9. 1 bed, 1 full bath
    Home size: 667 sq ft
    Lot size: 10,650 sqft
    Year built: 1971
    Days on market: 14
  10. 2 beds, 2 full baths
    Home size: 1,313 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 14
  11. 2 beds, 2 full baths
    Home size: 1,030 sq ft
    Lot size: 8,264 sqft
    Year built: 1955
    Parking spots: 1
    Days on market: 15
  12. 2 beds, 1 full, 1 half baths
    Home size: 878 sq ft
    Lot size: 14,827 sqft
    Year built: 1982
    Parking spots: 4
    Days on market: 15
  13. 2 beds, 2 full baths
    Home size: 908 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Parking spots: 4
    Days on market: 20
  14. 1 bed, 1 full bath
    Home size: 720 sq ft
    Lot size: 1.31 ac
    Year built: 1973
    Parking spots: 2
    Days on market: 21
  15. 2 beds, 1 full bath
    Home size: 862 sq ft
    Lot size: 4,536 sqft
    Year built: 1959
    Days on market: 22
  16. 1 bed, 1 full bath
    Home size: 528 sq ft
    Lot size: 33,498 sqft
    Year built: 1928
    Days on market: 23
  17. 0 beds, 1 full bath
    Home size: 1,463 sq ft
    Year built: 1929
    Parking spots: 2
    Days on market: 27
  18. 1 bed, 1 full bath
    Home size: 642 sq ft
    Lot size: 20,256 sqft
    Year built: 1962
    Parking spots: 2
    Days on market: 27
  19. 3 beds, 2 full, 1 half baths
    Home size: 1,607 sq ft
    Lot size: 10,760 sqft
    Year built: 1921
    Days on market: 29
  20. 2 beds, 2 full baths
    Home size: 1,290 sq ft
    Year built: 1984
    Parking spots: 4
    Days on market: 31
  21. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,028 sq ft
    Lot size: 8,999 sqft
    Year built: 1982
    Parking spots: 4
    Days on market: 31
  22. 0 beds, 1 full bath
    Home size: 477 sq ft
    Lot size: 22,488 sqft
    Year built: 1925
    Days on market: 31
  23. 1 bed, 1 full bath
    Home size: 722 sq ft
    Lot size: 16,540 sqft
    Year built: 1958
    Days on market: 31
  24. 1 bed, 1 full bath
    Home size: 495 sq ft
    Lot size: 15,951 sqft
    Year built: 1983
    Parking spots: 1
    Days on market: 34
  25. 2 beds, 2 full baths
    Home size: 908 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Parking spots: 4
    Days on market: 35
  26. 1 bed, 1 full bath
    Home size: 625 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 36
  27. 1 bed, 1 full bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 1
    Days on market: 36
  28. 1 bed, 1 full bath
    Home size: 576 sq ft
    Lot size: 13,245 sqft
    Year built: 1956
    Days on market: 36
  29. 2 beds, 2 full baths
    Home size: 1,239 sq ft
    Lot size: 1.38 ac
    Year built: 2006
    Parking spots: 4
    Days on market: 36
  30. 3 beds, 2 full baths
    Home size: 1,428 sq ft
    Lot size: 4,508 sqft
    Year built: 1919
    Parking spots: 5
    Days on market: 37

See all Real estate in the 90802 zip code.
(all data current as of 5/25/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Homes Recently Sold in Downtown Long Beach

  1. 2 beds, 2 full baths
    Home size: 920 sq ft
    Lot size: 34,912 sqft
    Year built: 1990
    Parking spots: 4
  2. 2 beds, 2 full baths
    Home size: 982 sq ft
    Lot size: 10,997 sqft
    Year built: 1969
  3. 1 bed, 1 full bath
    Home size: 684 sq ft
    Lot size: 1.31 ac
    Year built: 1973
    Parking spots: 2
  4. 2 beds, 2 full baths
    Home size: 907 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Parking spots: 4
  5. 2 beds, 2 full baths
    Home size: 916 sq ft
    Lot size: 29,273 sqft
    Year built: 1990
  6. 3 beds, 3 full baths
    Home size: 3,070 sq ft
    Lot size: 42,888 sqft
    Year built: 1984
    Parking spots: 2
  7. 1 bed, 1 full bath
    Home size: 712 sq ft
    Lot size: 16,526 sqft
    Year built: 1977
    Parking spots: 2
  8. 2 beds, 1 full bath
    Home size: 906 sq ft
    Lot size: 37,044 sqft
    Year built: 1984
  9. 1 bed, 1 full bath
    Home size: 666 sq ft
    Lot size: 20,546 sqft
    Year built: 1972
    Parking spots: 2
  10. 2 beds, 2 full baths
    Home size: 990 sq ft
    Lot size: 14,496 sqft
    Year built: 1989
    Parking spots: 4
  11. 2 beds, 2 full baths
    Home size: 1,017 sq ft
    Lot size: 29,273 sqft
    Year built: 1990
    Parking spots: 4
  12. 2 beds, 2 full baths
    Home size: 1,000 sq ft
    Year built: 2004
    Parking spots: 4
  13. 0 beds, 1 three-quarter bath
    Home size: 876 sq ft
    Lot size: 15,028 sqft
    Year built: 1925
    Parking spots: 2
  14. 2 beds, 1 full, 1 half baths
    Home size: 964 sq ft
    Lot size: 7,466 sqft
    Year built: 1981
    Parking spots: 4
  15. 2 beds, 2 full baths
    Home size: 1,410 sq ft
    Lot size: 33,268 sqft
    Year built: 2007
    Parking spots: 4
  16. 2 beds, 2 full baths
    Home size: 957 sq ft
    Lot size: 32,280 sqft
    Year built: 1987
    Parking spots: 2
  17. 2 beds, 2 full baths
    Home size: 1,384 sq ft
    Lot size: 8,271 sqft
    Year built: 1980
    Parking spots: 4
  18. 1 bed, 1 full bath
    Home size: 625 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 4
  19. 2 beds, 2 full baths
    Home size: 930 sq ft
    Lot size: 15,951 sqft
    Year built: 1983
    Parking spots: 4
  20. 2 beds, 2 full baths
    Home size: 1,112 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 4
  21. 1 bed, 1 full bath
    Home size: 746 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 2
  22. 2 beds, 2 full baths
    Home size: 1,014 sq ft
    Lot size: 34,912 sqft
    Year built: 1990
    Parking spots: 4
  23. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,112 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 4
  24. 1 bed, 1 full bath
    Home size: 668 sq ft
    Lot size: 28,577 sqft
    Year built: 1958
  25. 2 beds, 2 full baths
    Home size: 1,269 sq ft
    Lot size: 14,920 sqft
    Year built: 1979
    Parking spots: 4
  26. 1 bed, 1 full bath
    Home size: 644 sq ft
    Lot size: 7,571 sqft
    Year built: 1972
  27. 1 bed, 1 full bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 2
  28. 1 bed, 1 full bath
    Home size: 700 sq ft
    Lot size: 26,438 sqft
    Year built: 1987
    Parking spots: 2
  29. 1 bed, 1 full bath
    Home size: 691 sq ft
    Lot size: 9,882 sqft
    Year built: 1958
  30. 1 bed, 1 full bath
    Home size: 759 sq ft
    Year built: 1973
    Parking spots: 2

See all Real estate in the 90802 zip code.
(all data current as of 5/25/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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