90802 Market Update

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90802 Market Update: Real Estate Statistics and Information for the 90802 Areas of Long Beach, CA

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

With the exception of a few large fluctuations, home prices in 90802 have remained fairly constant in the past three years. A high peak of $912,000 occurred in August 2014. In February 2016 the median price of homes was $366,500. This is up just slightly from the month prior and up 4.7% from the year prior in February.

Active listings for single family homes for sale in 90802 have fluctuated a lot in the past three years. There were only five active listings in February 2016, but this is actually up 25% from February 2015.

Inventory in 90802 is low, but higher than Long Beach as a whole. Inventory was fairly balanced just a few months ago in January at 3.9 months. However, that number has since decreased. In February 2016 there was a 2.5 month supply of homes available. This reflects a 56.3% increase from the year prior in February.

Condominiums in 90802

The bulk of housing for sale in 90802 consists of condominiums. The median price of condos in 90802 has increased about $100,000 over the past three years. The median price reached a peak of $347,000 in January of this year and then dropped slightly last month. In February 2016, the median price of condos in 90802 was $335,000, which is up 21.6% from February 2015.

The number of active condo listings for sale in 90802 experienced a large surge in September 2014 but has declined significantly since then. In February 2016 there were 90 active listings.

The low number of active condo listings for sale in 90802 combined with relatively high demand translates into low inventory. In February 2016 there was a 2.2 month supply of condos on the market in 90802. A 4-6 month supply of homes is considered balanced between sellers and buyers so the current market strongly favors sellers.

Sellers Market

Inventory is low and demand is high in 90802. If you have been thinking about putting your home on the market in 90802, now is a great time!

90802 Homes in Escrow

$3,400,000
Multi-Family For Sale
Active Under Contract
0.19
ACRES
LOS ANGELES
COUNTY
1524 E 3rd Street
Long Beach, CA 90802
 
$1,498,000
Multi-Family For Sale
Active Under Contract
0.0579
ACRES
LOS ANGELES
COUNTY
1001 E 1st Street
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$999,000
Multi-Family For Sale
Active Under Contract
0.1829
ACRES
LOS ANGELES
COUNTY
550 Rose Avenue
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$799,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,251
SQFT
1 3rd Place #805
Long Beach, CA 90802
Ocean Terrace (OCT) Subdivision
$649,900
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
1,013
SQFT
850 E Ocean Boulevard #1501
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 2 weeks online
$635,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
990
SQFT
388 E Ocean Boulevard #708
Long Beach, CA 90802
Downtown (DT) Subdivision
$620,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,250
SQFT
150 The Promenade N #419
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 2 weeks online
$609,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,406
SQFT
225 Hermosa Ave #306
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$579,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,420
SQFT
300 E 4th Street #122
Long Beach, CA 90802
 
$539,000
Condo For Sale
Active Under Contract
1
TOTAL BATHS
1,126
SQFT
433 Pine Avenue #309
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 4 weeks online
$539,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,171
SQFT
425 E Ocean Boulevard #240
Long Beach, CA 90802
Downtown (DT) Subdivision
$538,800
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
960
SQFT
388 E Ocean Boulevard #601
Long Beach, CA 90802
Downtown (DT) Subdivision
$536,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,238
SQFT
100 Hermosa Avenue #3A
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 2 weeks online
$415,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,014
SQFT
535 Magnolia Avenue #402
Long Beach, CA 90802
Downtown (DT) Subdivision
$409,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
680
SQFT
488 E Ocean Boulevard #1712
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 4 weeks online
$399,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
867
SQFT
645 Chestnut Avenue #101
Long Beach, CA 90802
Other (OTHR) Subdivision
New Listing - 3 weeks online
$399,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
946
SQFT
100 Esperanza Avenue #4
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 3 weeks online
$398,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
786
SQFT
555 Maine Avenue #132
Long Beach, CA 90802
 
New Listing - 4 weeks online
$392,500
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,010
SQFT
327 Chestnut Avenue #103
Long Beach, CA 90802
Other (OTHR) Subdivision
$374,800
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
777
SQFT
360 W Ocean Boulevard #807
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision

Homes for Sale in 90802

$2,490,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
2,810
SQFT
207 E Broadway #801
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 2 weeks online
$1,465,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
1,764
SQFT
23 4th Place #3
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 4 weeks online
$1,150,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,420
SQFT
1230 E Ocean Boulevard #601
Long Beach, CA 90802
 
$1,150,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,930
SQFT
388 E Ocean Boulevard #P10
Long Beach, CA 90802
Downtown (DT) Subdivision

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