$10,000 Closing Credit*
$869,000
989 SqFt
2 Beds
•1 Full Bath
Matthew Welch, Listing Office: Ignite RE Group
Is Long Beach-Lakewood, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Long Beach-Lakewood has remained a Seller's Market.
Key Takeaway
Long Beach-Lakewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Long Beach-Lakewood, CA
How much do homes in Long Beach-Lakewood, CA cost?
Median Sold Price
$831,082
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,526(+5.8%)
Key Takeaway
Homes in Long Beach-Lakewood have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Long Beach-Lakewood was $831,082 in November 2024, up 5.8% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $449K | +3.2% |
| 2 Bedrooms | $629K | $674.6K | +7.3% |
| 3 Bedrooms | $858.9K | $901.1K | +4.9% |
| 4 Bedrooms | $995.2K | $1.1M | +15.5% |
| 5+ Bedrooms | $1.2M | $1.4M | +15.5% |
Summary: Long Beach-Lakewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Long Beach | $772.2K | $825.1K | +6.9% |
| Bellflower | $725K | $770K | +6.2% |
| Long Beach-Lakewood | $785.5K | $831K | +5.8% |
| Lakewood | $806.6K | $850K | +5.4% |
| Signal Hill | $632.5K | $627.5K | -0.8% |
Housing Supply in Long Beach-Lakewood, CA
How many homes are available in Long Beach-Lakewood, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,001 | 882 | -11.9% |
Summary: The Long Beach-Lakewood real estate market had 882 homes for sale in November 2024, a 11.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 146 | 145 | -0.7% |
| 2 Bedrooms | 300 | 267 | -11.0% |
| 3 Bedrooms | 364 | 307 | -15.7% |
| 4 Bedrooms | 141 | 117 | -17.0% |
| 5+ Bedrooms | 50 | 46 | -8.0% |
Summary: The Long Beach-Lakewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 275 | 202 | -26.5% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
90 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Beach-Lakewood, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.
Summary: A total of 202 homes were sold or pending in Long Beach-Lakewood in November 2024, down by 26.5% month-over-month. Of the 202 sold homes, 39% were sold under asking, 17% were sold at asking, and 45% were sold over asking.
Days on Market for Long Beach-Lakewood, CA
How long does it take to sell a home in Long Beach-Lakewood, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 35 Days | +36.4% |
Summary: Homes in Long Beach-Lakewood had an average of 35 days on market in Nov 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Long Beach-Lakewood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 202 homes were sold in Long Beach-Lakewood; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.