Long Beach CA Real Estate Market Update June 2024

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

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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