Long Beach CA Real Estate Market Update October 2020

Real Estate Market Update_October 2020

We feel like a broken record at this point, but we continue to be in a strong seller’s market. Inventory remains low and demand remains high because of historically low-interest rates. On average, homes in Long Beach are currently selling at an average of 101.1% of the asking price! And that’s UP since last year when homes were selling at about 97.7% of the asking price. The average time on the market for homes is also down a whopping 27% from last year at this time. The average time on the market for a home in Long Beach is just 27 days. Days on the market for condos is down too, although slightly higher than homes with an average of 30 days on the market.

If you knew you could sell your home for top dollar – would you? Since the Long Beach real estate remains strong for sellers, if you’ve ever considered selling your home now may be the right time. To start, 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.

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 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.











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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