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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Long Beach is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Long Beach was a Seller's Market.

Key Takeaway

Long Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Long Beach, WA

How much do homes in Long Beach, WA cost?

Median Sold Price

$381,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,000(+12.1%)

Key Takeaway

Homes in Long Beach have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Long Beach was $381,000 in October 2024, up 12.1% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $191.2K$186K
-2.7%
2 $312.5K$285.5K
-8.6%
3 $458.7K$421K
-8.2%
4 $402K$768K
+91.0%
5+ $150K$575K
+283.3%

Summary: Long Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 91%, and 5+ bedroom homes increased by 283.3%.

Median Sold Price Compared To Nearby Cities

Long Beach
+12.1%
Long Beach-North Beach Peninsula
+2.7%

Housing Supply in Long Beach, WA

How many homes are available in Long Beach, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8886-2.3%

Summary: The Long Beach real estate market had 86 homes for sale in October 2024, a 2.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1314
+7.7%
2 4136
-12.2%
3 2528
+12.0%
4 44
0.0%
5+ 54
-20.0%

Summary: The Long Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 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. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Long Beach in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
79 Days137 Days+73.1%

Summary: Homes in Long Beach had an average of 137 days on market in Oct 2024, up by 73.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Long Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 13 homes were sold in Long Beach; 23% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 62% 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 16 Days Ago

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