90804 Market Update

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

The median home price in 90804 climbed slightly last month and has been rising steadily since last November. The median price in February 2016 was $551,750, which is 38.3% higher than a year ago.

Though inventory in Long Beach is quite low, the supply of homes on the market in 90804 is fairly balanced. In February 2016 there was a 3.1 month supply, which is still 26.2% lower than in February 2015.

The days on market  (DOM) for homes that sold in February 2016 was 41 days, which is up from the previous February.

Condominiums in 90804

Overall, the median condominium price in 90814 has increased in recent years. Last month, prices decreased slightly, yet at $254,500, the median price was 17.6% higher than it was in February 2015.

Unlike the supply of single family homes, condo inventory in 90804 is extremely low. In February 2016 there was just a 1.2 month supply of condos on the market in 90804. This is lower than the month before and 68.6% lower than a year ago in February.

Condos tend to sell fairly quickly in 90804. The days on market for condos selling in February was 33 days, which is 53.5% lower than February 2016.

Bottom Line

If you are thinking about buying or selling a single family home in 90804, now is a good time because the market has a balanced inventory. For condominium owners, the market is strongly favorable if you’re thinking about selling. Give us a call or fill out the form below if you’d like to find out what your home is currently worth.

Homes For Sale and In Escrow in 90804

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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