Long Beach, CA local notes, issue 1
Long Beach this month: median sale price $909,567, up 1.1% from last month. Homes sold fell 4.4% to 218. Median days on the market rose 9.3% to 47. These are Redfin's figures.
Prices and sales this month
These figures come from Redfin for this month. The median sale price of homes sold in Long Beach was $909,567, up 1.1% from last month. The median price per square foot was $641, up 1.7%.
Homes sold came to 218, down 4.4% from last month. The share of homes that sold above their asking price was 34.1%, up 0.5 points. Sale prices averaged 99.6% of list price, down 0.2 points.
Supply and time on the market
Homes for sale at month end came to 783, down 2.6% from last month. New listings were 283, down 3.4%. Months of supply was 4, up 2.8%.
Median days on the market was 47, up 9.3%. The share of homes for sale that cut their price was 30.6%, up 0.4 points.
What it means for you
Prices edged up while sales slowed and homes sat longer. Fewer homes came to market, yet days on the market rose. That points to a market where pricing matters.
Your listing conversations may need a clear plan for time on the market. Price cuts reached 30.6% of homes for sale, so a seller may ask what a cut would look like.
We measure these figures each month. We do not promise a result from them. We show you what moved, so you can decide what to do. This note does not carry AI answer figures yet.
Data provided by Redfin, a national real estate brokerage.