Let’s review the Long Beach housing Prices September 2019 Report and see where the movement in the real estate market is going. I will be comparing September 2019 to 2018 in a year over year analysis to see if the numbers are up, down or have stabilized.
All data is taken directly from our California Regional multiple listing service based on homes that were listed for sale.
Long Beach Housing Prices September 2019 Report
|Homes by Bedrooms||Average Selling Prices Sept 2019||Pricing Changes Vs 2018|
|2 bedroom homes||$556,485||+0.70%|
|3 bedroom homes||$715,860||-1.00%|
|4 bedroom or more homes||$966,381||+6.40%|
|Condos by Bedrooms||Average Selling Prices Sept 2019||Pricing Insights 2019 vs 2018|
|1 Bedroom or fewer||$348,468||0.00%|
Quick Summary: Overall Long Beach Homes Trends for September 2019
The average selling price of Long Beach houses was $732,582 which is up 2.00% over 2018 when the price was 717,886.
Homes are selling within 37 days after being listed for sale and that is up 15.60% from 2018 when it took 32 days.
Long Beach homes are selling for 99.50% of the listed price which is down 0.3% from 2018.
Long Beach Condos Overall Real Estate Statistics
The average selling price of Long Beach condos was $422,373 which is up 1.60% over 2018 when the price was $415,701.
Condominiums are selling within 39 days after being listed for sale and that is up 30.00% from 2018 when it took 30 days.
Long Beach condos are selling for 99.50% of the listed price which is down 0.6% from 2018.
How Many Long Beach Homes Have Sold Year To Date?
From January 2019 to September 2019, 1,559 single-family homes have sold. That is the same number as 2018. That is amazing.
How Many Long Beach Condos Have Sold Year To Date?
From January 2019 to September 2019, 726 condominiums have sold. That is down 10.70% from 2018 when there were 813 through September 2019.
What Are the Best Months To Sell Your Long Beach Home?
Our hottest season is between April and September right before school starts. Families tend to move the most during the summer months. So, if you are thinking about selling your home in Long Beach.
Here is a historical chart of the best months to sell a house in Long Beach from 2019 to 2016 below. To find out the current market value of your home, fill out this home value form on my real estate website.
Research: All numbers are researched from the California Regional Multiple Listing Service and property records. We do not use Zillow for a market value analysis. They are just an advertising and marketing company. I like the true market values verse a Zestimate which can be off by as much as 30% or more. I just saw a seller price his home $1 million below market value. He took the estimate on Zillow and it is way off.
I wish consumers would listen to me about this subject. I have only 26 years of real estate experience. Oh well. I wish that seller well. If you are thinking about selling your home, call me at 562-413-7655 and let’s talk.