Long Beach housing prices May 2018 look like this…
According to the California Regional Multiple Listing Service, the average selling price of a single-family, Long Beach housing in May 2018 was $700,678. That is actually UP 3.60% from May 2017. But there are only 1.9 months of supply until we run out of single-family homes to sell here in Long Beach.
Please be pre-approved before searching for a home. It is a hot seller’s market and you need to be prepared…just sayin’.
How Hot are Long Beach Housing Prices in May 2018?
The percentage of the listed price that homes are selling for is another key indicator to see what is happening in the marketplace. If homes are selling for full price or above, then you know we are in a seller’s market. Let’s look at the real world numbers here in Long Beach, California.
In May 2018, Long Beach housing was selling for 98.80% of the listed price. That seems like a normal real estate market to me. 100% would be full price offers are the average selling price.
But remember this is an overall average of all single-family homes in Long Beach.
What are the Hottest Long Beach Home Selling Price Ranges up to May 31st, 2018?
From the chart below, you can see that the hottest price range that is selling the most up to May 31st, 2018 is
Video of Average Selling Long Beach Housing Prices May 2018
Quick Summary Review of Long Beach Real Estate Prices May 2018 vs May 2017
| Long Beach Home Prices Comparison Flow Chart | May 2018 | May 2017 |
|---|---|---|
| Home Sales Prices: | $700,678 | $676,453 |
| Days on Market Until it Goes into Escrow: | 33 | 40 |
| Percentage of Listed Price that Homes Selling for: 100% is full price. | 98.80% | 98.50% |
| Citywide Price per Square Foot: | $470 | $447 |
| Total Sales of Single-Family Homes Year to Date | 804 | 767 |
Historical Sales of Long Beach Home Prices by Month and Year
| Closed Long Beach Home Sales | ||||
|---|---|---|---|---|
| Month | 2015 | 2016 | 2017 | 2018 |
| Jan | 133 | 141 | 125 | 117 |
| Feb | 114 | 136 | 102 | 143 |
| Mar | 167 | 186 | 186 | 192 |
| Apr | 222 | 181 | 158 | 159 |
| May | 213 | 210 | 196 | 193 |
Long Beach Home Prices: Original Price vs Sold Price by Month and Year (Median Pricing)
| Month | Original Price, Median | Sale Price, Median |
|---|---|---|
| Jul 2017 | $630,000 | $617,500 |
| Aug 2017 | $627,000 | $636,000 |
| Sep 2017 | $632,400 | $625,000 |
| Oct 2017 | $670,000 | $610,000 |
| Nov 2017 | $623,000 | $619,000 |
| Dec 2017 | $634,450 | $599,000 |
| Jan 2018 | $629,000 | $620,000 |
| Feb 2018 | $649,900 | $631,500 |
| Mar 2018 | $699,000 | $646,468 |
| Apr 2018 | $649,250 | $639,000 |
| May 2018 | $670,000 | $660,000 |
| Jun 2018 | $685,000 | $725,000 |
