Is Long Beach, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Long Beach was a Seller's Market.
Housing Prices in Long Beach, WA
How much do homes in Long Beach, WA cost?
Median Sold Price
$349,950
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Long Beach was $349,950 in May 2024, up 16.7% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $186K | +7.8% |
2 Bedrooms | $294.5K | $331K | +12.4% |
3 Bedrooms | $417.5K | $421K | +0.8% |
4 Bedrooms | $345K | $546K | +58.3% |
5+ Bedrooms | $442.5K | $150K | -66.1% |
Summary: Long Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes decreased by 66.1%.
Median Sold Price Compared To Nearby Cities
Long Beach | $300K | $349.9K | +16.7% |
Long Beach-North Beach Peninsula | $344.7K | $349.9K | +1.5% |
Seaview | $387K | $312K | -19.4% |
Housing Supply in Long Beach, WA
How many homes are available in Long Beach, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 74 | +32.1% |
Summary: The Long Beach real estate market had 74 homes for sale in May 2024, a 32.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 17 | 23 | +35.3% |
3 Bedrooms | 20 | 29 | +45.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Long Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Long Beach in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Long Beach, WA
How long does it take to sell a home in Long Beach, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 30 Days | -5.8% |
Summary: Homes in Long Beach had an average of 30 days on market in May 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Long Beach; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.