As 2023 draws to a close, the real estate market in Long Beach and surrounding communities remains robust, with prices continuing to appreciate and homes continuing to sell quickly.
The latest market stats, from November 2023, showed that listing inventory is still extremely low, but the number of sales this November was slightly higher than this same time last year. Meanwhile, the median home price in Long Beach rose by 13.6% year over year for houses and 5.1% for condos.
Many experts expect prices to show some moderation in 2024 and interest rates to come down a little with the inventory of homes picking up a little.
If you’re considering buying or selling a home in 2024 and you’re wondering how this market may impact your plans, reach out and we’re happy to discuss your plans and your current or future home.
What do these numbers mean?
If you’re a potential home seller or buyer in today’s market, here are some suggested next steps:
Sellers
With inventory remaining low and demand high, sellers have the advantage in this market. With strategic home prepping and pricing, a proven marketing plan, and an experienced agent, you’ll find your home may sell easily — and for top dollar.
To get started, with the selling process click HERE for a free home valuation. You can also give us a call at 562.896.2456, or fill out the contact form at the bottom of the page. We’d love to chat with you about your plans!
Download your free seller’s guide HERE.
Buyers
If you’ve been waiting on the sidelines to purchase a home, it might be time for you to start up your home search again. It’s beneficial to start preparing for your home search ahead of time and create an effective search strategy since inventory remains low. The right real estate agent will be able to guide you through the home buying process and take away some of the stress that comes with buying a home.
Give us a call at 562.896.2456 so we can set up an appointment for you with a lender and start talking budget. We can also set up a personalized home search for you so you can be the first to know when new listings hit the market.
Download your free buyer’s guide HERE.
Breakdown of Long Beach’s Numbers
If you’d like to know about the statistics in your neighborhood or you’re curious about the value of your home in Long Beach CA or surrounding areas, let us know. We’d be happy to help.
For a quick snapshot of the different zip codes, please scroll down for more information.
Long Beach
Lakewood
Signal Hill
Long Beach Zip Codes
While much of Long Beach’s real estate market is similar, there is some variation between zip codes, as illustrated by the numbers below. If you’d like more information, please reach out to us.
90802
90803
90804
90805
90806
90807
90808
90813
90814
90815
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