Long Beach CA real estate trends June 2022 continues… Long Beach has been the hottest real estate market in Southern California for the last 3 years. The market has been driven low interest rates and a shortage of available homes for sale.
Then, the interest rates went up a couple of months ago, but prices are continuing to rise in the three most popular property types: homes, condos and townhomes.
Today, I will discuss the Long Beach Ca real estate trends June 2022 in each property type so you can become a wise investor, seller or first time home buyer.
Long Beach CA Real Estate Trends June 2022 for Single Family Homes
- Average selling Prices of Long Beach Homes $1,062, 802 (up 15.70% over May 2022)
- Average days on market before opening escrow with accepted contract is 16
- Number of listings for sale of houses in months of supply is 1.10 (down 21.40%)
- Average price per square foot is $689.00
- Offer Trend is at 104.40%. That means that home buyers are paying 4.4% above the listed price overall in Long Beach, California (see chart below):
Long Beach CA Real Estate June 2022 for Long Beach Condos
- Average selling Prices of Long Beach condos $553,270 (up 9.40% over May 2022)
- Average days on market before opening escrow with accepted contract is 18
- Number of listings for sale of houses in months of supply is 1.20 (down 29.40%)
- Average price per square foot is $593.00
- Offer Trend is at 103.50%. That means that condo buyers are paying 3.50% above the listed price overall in Long Beach, California (see chart below)
Long Beach Townhomes Trends for June 2022
- Average selling prices of Long Beach townhouses $887,025 (up 32.10% over May 2022)
- Average days on market before opening escrow with accepted contract is 14
- Number of listings for sale of houses in months of supply is 0.70 (down 46.20%): there is typically not a lot of Long Beach townhomes for sale.
- Average price per square foot is $554.00
- Offer Trend is at 103.90%. That means that townhouse buyers are paying 3.90% above the listed price overall in Long Beach, California.
Video Summary of Long Beach Statistics for June 2022
Data from the California Regional MLS. It is deemed reliable but not guaranteed.
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