The latest market statistics for Long Beach show a big difference for pricing trends for condos when compared to single family homes. In May 2024, the median price for a house in Long Beach rose by 18% from the same time last year, hitting $1,006,000. Meanwhile, the median price for a condo fell by 2.6% during the same time period, reaching $515,000. And while the supply of homes on the market still remains relatively low, the inventory for both condos and houses in May rose.
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
90810
90813
90814
90815
Other Recent Articles
- Historical Condos And Lofts In Long Beach CA
- All About Down Payment Assistance Programs
- Tips For Making Your Home Eco-Friendly
- Should I Buy A Multi-Unit Property?
