Is Long Beach, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Long Beach is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Long Beach has remained a Seller's Market.

Key Takeaway

Long Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Long Beach, MN

How much do homes in Long Beach, MN cost?

Median Sold Price

$370,000

$195/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$299,950(-44.8%)

Key Takeaway

Homes in Long Beach have sold for 44.8% less than they did a month ago.

Summary: The median home sold price in Long Beach was $370,000 in October 2024, down 44.8% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $364.9K$370K
+1.4%
4 --
N/A
5+ $975K-
N/A

Summary: Long Beach housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Long Beach, MN

How many homes are available in Long Beach, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
31-66.7%

Summary: The Long Beach real estate market had 1 homes for sale in October 2024, a 66.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The Long Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Long Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Long Beach in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Long Beach, MN

How long does it take to sell a home in Long Beach, MN?

Average Sale Time

Sep 2024Oct 2024CHANGE
35 Days34 Days-2.9%

Summary: Homes in Long Beach had an average of 34 days on market in Oct 2024, down by 2.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Long Beach has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Long Beach; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Long Beach, MN

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