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Home > Southern California Real Estate News Blog Posts > What is happening with the March 2018 Long Beach Homes Prices?

Long Beach homes prices are on the rise in 2018.  As a local Long Beach real estate professional I am seeing a spike in housing prices with a lower number of homes for sale.

According to the California Regional Multiple Listing Service, the average selling price of a single-family, Long Beach home in March 2018 was $680,700.  That is actually down 0.8% from March 2017.  But there are only 1.7 months of supply until we run out of single-family homes to sell here in Long Beach.

March 2018 Long Beach Homes Prices | Long Beach Real Estate

Are Long Beach Homes Selling for More Than Full Price or Less?

This 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.

In March 2018, Long Beach homes were selling for 98.7% of the listed price.  That seems like a normal real estate market to me.  Even though many of my clients would probably say otherwise since they are having to bid above the listed price to get a home.

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 March 31st, 2018?

From the chart below, you can see that the hottest price range that is selling the most up to March 31st, 2018 is 

  1. Long Beach homes $500,000 to $600,000 with 89 sales; selling in 30 days after being listed for sale
  2. Long Beach homes $400,000 to $500,000 with 82 sales; selling in 39 days after being listed for sale
  3. Long Beach homes $600,000 to $700,000 with 77 sales; selling in 30 days
  4. Long Beach homes $700,000 to $800,000 with 73 sales; selling in 26 days

 

The fastest selling price range I would say is Long Beach properties at $700,000 to $800,000 in 26 days.

 

List Price: $200,000 – $300,000 (7)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 229000 6 235000 1 1 1910 440 995
Max 299000 227 299000 4 2 1955 1424 6074
Avg 269571 63 271000 2 1 1927 763 2168
Sum 1887000   1897000          
List Price: $300,000 – $400,000 (29)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 300000   300000 1 1 1912 520 1200
Max 399900 652 500000 3 3 2017 2090 6378
Avg 362800 46 367945 2 1 1942 933 3649
Sum 10521199   10670399          
List Price: $400,000 – $500,000 (82)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 400000   382000 2 1 1890 660 2173
Max 499999 188 565000 6 4 2010 2828 10238
Avg 456060 39 461237 3 2 1941 1176 5260
Sum 37396947   37821400          
List Price: $500,000 – $600,000 (89)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 500000   472500 2 1 1912 806 869
Max 599999 185 630000 5 3 2017 2682 8509
Avg 558257 30 557920 3 2 1947 1323 5579
Sum 49684859   49654856          
List Price: $600,000 – $700,000 (77)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 609000   595000 1 1 1913 884 886
Max 699999 147 725000 7 5 1997 2734 8313
Avg 660029 30 658119 3 2 1948 1470 5824
Sum 50822243   50675173          
List Price: $700,000 – $800,000 (73)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 708900 2 680000 2 1 1912 816 2378
Max 799999 165 856000 4 4 1989 2741 11107
Avg 755194 26 755866 3 2 1948 1718 6150
Sum 55129139   55178191          
List Price: $800,000 – $900,000 (35)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 800000   800000 2 1 1913 894 2501
Max 899000 132 915000 6 5 1967 4535 10556
Avg 850650 38 845744 3 2 1946 1925 5991
Sum 29772750   29601050          
List Price: $900,000 – $1,000,000 (18)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 910000   887500 2 2 1918 1008 2404
Max 999900 363 1012000 4 3 1982 2943 15952
Avg 959572 41 944486 3 3 1947 2043 6259
Sum 17272299   17000750          
List Price: $1,000,000 – $1,100,000 (3)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1025000   1017000 3 2 1940 1217 3153
Max 1099000 109 1050000 3 3 2001 2781 5356
Avg 1071333 54 1037333 3 3 1975 2215 4032
Sum 3214000   3112000          
List Price: $1,100,000 – $1,200,000 (7)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1100000 6 780000 3 2 1923 1696 3153
Max 1185000 151 1150000 4 5 1984 3167 11325
Avg 1127114 68 1043143 4 3 1944 2505 7136
Sum 7889800   7302000          
List Price: $1,200,000 – $1,300,000 (14)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1200000 4 1030000 3 2 1925 1908 2405
Max 1299000 166 1322500 4 4 1987 3400 10287
Avg 1257064 56 1231151 4 3 1948 2622 5564
Sum 17598900   17236114          
List Price: $1,300,000 – $1,400,000 (4)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1300000 12 1275000 4 3 1928 2046 2394
Max 1399000 203 1399000 4 4 1968 3847 8746
Avg 1357250 85 1349500 4 4 1946 2699 4509
Sum 5429000   5398000          
List Price: $1,400,000 – $1,500,000 (3)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1449000 11 1350000 3 3 1925 2187 2406
Max 1475000 400 1490000 4 4 1956 3000 9602
Avg 1466333 146 1401667 3 3 1942 2644 4830
Sum 4399000   4205000          
List Price: $1,500,000 – $1,600,000 (2)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1529900 33 1510000 3 3 1979 2337 2387
Max 1595000 132 1590000 4 3 2000 3337 5405
Avg 1562450 83 1550000 4 3 1990 2837 3896
Sum 3124900   3100000          
List Price: $1,600,000 – $1,700,000 (4)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1640000   1515000 3 3 1947 2307 2448
Max 1650000 130 1700000 3 4 2002 2901 3526
Avg 1647000 66 1613750 3 3 1984 2570 2925
Sum 6588000   6455000          
List Price: $1,800,000 – $1,900,000 (2)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1829000 56 1650000 3 3 1917 2094 2380
Max 1849500 101 1800000 4 5 2008 4387 16915
Avg 1839250 79 1725000 4 4 1963 3241 9648
Sum 3678500   3450000          
List Price: $1,900,000 – $2,000,000 (2)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 1995000   1995000 3 4 1941 2880 2404
Max 1995000 36 2125000 5 4 1998 2933 3608
Avg 1995000 18 2060000 4 4 1970 2907 3006
Sum 3990000   4120000          
List Price: All (451)
    List Price Days On Market Close Price BR BA Year Built Sqft Lot Sqft
Min 229000   235000 1 1 1890 440 869
Max 1995000 652 2125000 7 5 2017 4535 16915
Avg 683811 37 680437 3 2 1946 1546 5512
                 

 

Long Beach Homes by Price Range

[su_box title=”Long Beach Homes by Price Range” radius=”4″] [su_row][su_column size=”1/3″] $200,000 – $250,000
$250,000 – $300,000
$300,000 – $350,000
$350,000 – $400,000
[/su_column] [su_column size=”1/3″]

$400,000 – $450,000
$450,000 – $500,000
$500,000 – $600,000
$600,000 – $750,000
[/su_column] [su_column size=”1/3″]

$800,000 – $900,000
$900,000 – $1,000,000
$1,000,000-$2,000,000
$2,000,000-$4,000,000
[/su_column][/su_row] [/su_box]

 

Long Beach Neighborhoods to Explore

Long Beach Homes for Sale $750000 to $800000There are 35 different Long Beach neighborhoods to explore.  You can live near the coastline in Belmont Shore, the Peninsula, Belmont Park, Naples Island, Belmont Heights, Alamitos Beach, Downtown area, Spinnaker Bay, Spinnaker Cove, Bay Harbour and Marina Pacifica.  Long Beach has some of the most affordable housing in southern California.  So, take your time searching for Long Beach homes and Long Beach condos to find a place you can truly call home.

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About Jay Valento

Jay Valento is a top real estate professional at Keller Williams Coastal Properties. He has 28 years of real estate experience helping home buyers, home sellers and investors make good decisions about real estate. His team takes a consulting approach to Long Beach real estate focusing on listening to you, our clients, advising & providing you with advice. He has a Bachelor's Degree in Marketing and applies it to marketing real estate online and offline to generate buyers and sellers. Learn more about Jay Valento...call him at 562-413-7655 or toll-free at 800-300-6126. Connect with him on Facebook or Linkedin with Jay Valento. One of the areas we cover is Long Beach homes.

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Keller Williams Coastal Properties by Jay Valento 562-413-7655 or 800-300-6126.