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

$13,500,000
Multi-Family For Sale
Active Under Contract
1.84
ACRES
LOS ANGELES
COUNTY
360 Lime Avenue
Long Beach, CA 90802
 
$1,699,000
Multi-Family For Sale
Active Under Contract
0.1895
ACRES
LOS ANGELES
COUNTY
1125 E Appleton Street
Long Beach, CA 90802
 
$1,173,000
Multi-Family For Sale
Active Under Contract
0.0742
ACRES
LOS ANGELES
COUNTY
1235 E Broadway
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$889,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,593
SQFT
850 E Ocean Boulevard #901
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$875,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,040
SQFT
411 W Seaside Way #1402
Long Beach, CA 90802
Downtown (DT) Subdivision
$699,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,399
SQFT
525 E Seaside Way #309
Long Beach, CA 90802
Other (OTHR) Subdivision
$615,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
990
SQFT
488 E Ocean Boulevard #1408
Long Beach, CA 90802
Downtown (DT) Subdivision
$580,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,450
SQFT
300 E 4th Street #117
Long Beach, CA 90802
Downtown (DT) Subdivision
$540,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,146
SQFT
1763 E Appleton Street #1
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$539,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,185
SQFT
425 E Ocean Boulevard #420
Long Beach, CA 90802
Not Applicable-4 (NA4) Subdivision
$499,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
986
SQFT
1739 E Broadway #2
Long Beach, CA 90802
Other (OTHR) Subdivision
New Listing - 2 weeks online
$440,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,156
SQFT
955 E 3rd Street #317
Long Beach, CA 90802
Alamitos Heights (AH) Subdivision
$429,900
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
770
SQFT
16 3rd Place
Long Beach, CA 90802
Downtown (DT) Subdivision
$409,000
Condo For Sale
Active Under Contract
1
TOTAL BATHS
992
SQFT
433 Pine Avenue #100
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 4 weeks online
$399,500
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
732
SQFT
1140 E Ocean #232
Long Beach, CA 90802
 
$395,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
746
SQFT
388 E Ocean Boulevard #806
Long Beach, CA 90802
Downtown (DT) Subdivision
$385,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
966
SQFT
535 Magnolia Avenue #213
Long Beach, CA 90802
Other (OTHR) Subdivision
New Listing - 3 weeks online
$385,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
920
SQFT
535 Magnolia Avenue #417
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 4 weeks online
$355,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
789
SQFT
707 W 4th Street #21
Long Beach, CA 90802
Downtown (DT) Subdivision

Homes for Sale in 90802

New Listing - 2 weeks online
$2,900,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
2,810
SQFT
207 E Broadway #801
Long Beach, CA 90802
Downtown (DT) Subdivision
$2,800,000
Condo For Sale
Active
10
BED
8
TOTAL BATHS
5,292
SQFT
421 3rd W
Long Beach, CA 90802
Downtown (DT) Subdivision
$1,399,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,140
SQFT
700 E Ocean Boulevard #3007
Long Beach, CA 90802
International Towers (ITT) Subdivision
$1,259,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,663
SQFT
1000 E Ocean Boulevard #301
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision

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