90804 Market Update

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90804 Market Update: Real Estate Statistics and Information for the 90804 Areas of Long Beach, CA

Including the neighborhoods of Rose Park and Traffic Circle Area

With the exception of a peak of $575,000 in August 2015, home prices in 90804 are higher than they’ve been for several years. In January 2016, the median price of homes was $532,000, which reflects a 66.3% increase from the year prior in January. Last year, home prices surged in the summer months. If you are looking to buy a home in 90804 now is a good time to get a jump start.

The buying market in 90804 is competitive. Homes sold for 100% of the original asking price in January 2016, which is up slightly from the year prior in January.

Though Long Beach has low inventory right now, the supply of homes available in the 90804 neighborhoods is actually fairly balanced. In January 2016, there was a 3.2 months supply of homes available on the market. A balanced market means real estate is good for both buyers and sellers.

Condominiums in 90804

The price of condominiums in 90804 has slowly but mostly steadily increased since 2013.  In January 2016, the median sale price was $267,000, up 9% from the year prior.

Condos in 90804 have been selling for close to the list price.  In January 2016, the median percent of the original price received was 98.6%. This reflects a 2.9% increase in the list price to sales price ratio compared to the prior January.

In contrast to the supply of single family homes, the supply of condominiums in 90804 is very low. In January 2016, there was a 1.4 month supply of homes on the market, which is 56.5% lower than the year prior. Inventory has not been this low since 2013. If you are thinking about selling your condo, now is a great time if you hope to receive a high rate of return.

Bottom Line:

The real estate market in Long Beach is competitive. California is a hot destination for those looking to move and Long Beach continues to be an attractive city for home buyers. Due to the low inventory of condominiums in 90804, the market is favorable for sellers. However, for single family home buyers, the market is far more balanced.

Homes for Sale and In Escrow in 90804

Price Change - a week ago
$799,000
Condo For Sale
Active
4
BED
3
TOTAL BATHS
1,552
SQFT
790 Redondo Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$615,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,320
SQFT
1744 Grand Avenue #6
Long Beach, CA 90804
Other (OTHR) Subdivision
$468,990
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,360
SQFT
3516 E Ransom Street #207
Long Beach, CA 90804
Circle (CA) Subdivision
New Listing - 4 weeks online
$419,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
884
SQFT
1030 Loma Avenue #112
Long Beach, CA 90804
Eastside (ES) Subdivision
$399,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
937
SQFT
3605 E Anaheim Street #306
Long Beach, CA 90804
 
$397,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
810
SQFT
1001 Park Avenue #302
Long Beach, CA 90804
Circle (CA) Subdivision
New Listing - 2 weeks online
$395,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,017
SQFT
1360 Redondo Avenue #201
Long Beach, CA 90804
Other (OTHR) Subdivision
$385,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
913
SQFT
5585 Pacific Coast Highway #312
Long Beach, CA 90804
Park Ocean - PO Subdivision
$369,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
905
SQFT
1207 Obispo Avenue #303
Long Beach, CA 90804
Other (OTHR) Subdivision
$360,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
800
SQFT
1720 Newport Avenue #4
Long Beach, CA 90804
 
$350,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
880
SQFT
1775 Freeman Avenue #204
Long Beach, CA 90804
Other (OTHR) Subdivision
New Listing - 3 weeks online
$349,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
918
SQFT
2925 E Spaulding Street #306
Long Beach, CA 90804
Eastside (ES) Subdivision
New Listing - 3 weeks online
$344,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
760
SQFT
1066 Gladys Avenue #4
Long Beach, CA 90804
Eastside (ES) Subdivision
$341,775
Condo For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
832
SQFT
5585 E Pacific Coast #201
Long Beach, CA 90804
Park Ocean (PO) Subdivision
$339,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
780
SQFT
3305 E Ransom Street #H
Long Beach, CA 90804
Other (OTHR) Subdivision
$338,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
850
SQFT
2925 E Spaulding Street #305
Long Beach, CA 90804
Other (OTHR) Subdivision
$335,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
850
SQFT
1485 Obispo Avenue #6
Long Beach, CA 90804
Circle (CA) Subdivision
New Listing - 4 weeks online
$333,500
Condo For Sale
Active
2
BED
2
TOTAL BATHS
856
SQFT
2507 E 15th Street #309
Long Beach, CA 90804
Signal View (SGV) Subdivision
$329,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
830
SQFT
1414 Coronado Avenue #202
Long Beach, CA 90804
Alamitos Heights (AH) Subdivision
$320,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
695
SQFT
1061 Park Avenue #316
Long Beach, CA 90804
Parkview Terrace Manor (PTM) Subdivision

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