90802 Market Update

January 2016 Market Update for the 90802 area of Long Beach, CA

90802 Real Estate Statistics and Information

Including the Neighborhoods of Downtown, East Village, and Alamitos Beach

Home prices rose modestly last year in 90802 for both single family homes and condos. The median home price in 90802 last month was $455,000, which is up slightly from December 2014.

However, only a handful of property sales in 90802 were single family homes. There were three closed sales of single family homes in December of 2015. This reflects a 200% increase from the year prior. Most of the housing in 90802 is either condominiums or apartments. There were 54 closed sales of condominiums in December of 2015, the highest level since 2012 and up 45.9% from the previous December.

Condominium Prices in 90802

For condominiums, the median sales price was $309,000 in December 2015,  up 7.7% higher from the prior December.



The supply of condos for sale in 90802 is lower than it’s been since 2012. Last month, there was a 2 month supply of condos for sale, which is 44% below the same time last year.



Sellers Market

Based on the current data, now is a great time for sellers to put their home on the market in downtown Long Beach and other 90802 neighborhoods. Potential buyers are seeking properties in 90802 but there are not a lot of homes to choose from. If you would like to find out what your home is worth in today’s market, fill out the form below and we would be happy to provide you with a custom market evaluation.

 90802 Condos in Escrow

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Current Homes for Sale in 90802

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Current Condos for Sale in 90802


About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster

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