Long Beach CA Real Estate Market Update February 2022

Let’s take a look at the Long Beach Real Estate Market conditions in January 2022. Overall, new listings, closed sales, inventory, and pending sales were all down compared to January 2021. Prices have continued to increase and the median sales price for single family homes was $880,000 and for condos it was $485,000. What does this mean for home sellers and home buyers? If you’re a potential home seller, it’s an ideal time to put your home on the market before inventory rises during the spring months. However, if you’re a home buyer this market can be challenging. Our team has strategies in place to help you make the most out of the current market conditions and get your offer accepted.

Here’s a video with Shannon’s take on the Long Beach housing market numbers, or scroll down to see summary charts for Long Beach as well as surrounding communities.

What do these numbers mean?

Long Beach Real Estate Market Stats February 2022

Long Beach Real Estate Market Stats February 2022

The seller’s market is continuing with no sign of stopping. Here’s what we suggest for both buyers and sellers.

Sellers

If you have been sitting on the sidelines waiting for the right time to list your home, now is the right time to leverage your equity and cash out. It’s also more important than ever to have a strategy in place for selling your current home and buying a new one. This is where a real estate expert like the ones at The Shannon Jones Team comes in.

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 and figure out what your home is worth and whether selling is the right move for you!

Thinking of selling your home because you want to downsize? Check out our recent downsizing blog HERE!

Download your free seller’s guide HERE.

Buyers

It’s imperative that you start your home search early and with experts by your side. Patience is key, as well as the understanding that the first house you like may not be the one you get. It’s also possible that you will get into bidding wars or experience a multiple counteroffer situation. This is where the experts come in. The right real estate agent will be able to guide you through these situations and take away at least some of the stress that comes with buying a home.

Some buyers currently say they’re waiting to buy because they expect the market to crash and prices to come down. However, that’s not necessarily the case. Learn more in the video below.

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

While many homes are selling quickly with multiple offers, some neighborhoods are moving more quickly than others, and some areas are showing stronger prices. 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

Long Beach January Real Estate Market Statistics

Lakewood

Lakewood January Real Estate Market Statistics

Signal Hill

Signal Hill Real Estate Market Statistics

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

90802 Long Beach Real Estate Market Statistics

90803

90803 Long Beach Real Estate Market Statistics

90804

90804 Long Beach Real Estate Market Statistics

90804 Long Beach Real Estate Market Statistics

90805

90805 Long Beach Real Estate Market Statistics

90805 Long Beach Real Estate Market Statistics

90806

90806 Long Beach Real Estate Market Statistics

90806 Long Beach Real Estate Market Statistics

90807

90807 Long Beach Real Estate Market Statistics

90807 Long Beach Real Estate Market Statistics

90808

90808 Long Beach Real Estate Market Statistics

90808 Long Beach Real Estate Market Statistics

90813

90813 Long Beach Real Estate Market Statistics

90813 Long Beach Real Estate Market Statistics

90814

90814 Long Beach Real Estate Market Statistics

90814 Long Beach Real Estate Market Statistics

90815

90815 Long Beach Real Estate Market Statistics

90815 Long Beach Real Estate Market Statistics

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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