Search homes for sale in Long Beach, known for its waterfront attractions, including the permanently docked RMS Queen Mary and the Aquarium of the Pacific.
The housing market in Long Beach, CA remains somewhat competitive, with homes for sale in Long Beach, CA receiving an average of 3 offers and selling within approximately 36 days. Last month, the median sale price of a home in Long Beach reached $840K, reflecting a 6.3% increase compared to the previous year. However, the median price per square foot for Long Beach homes for sale slightly decreased by 0.64%, now standing at $622. Despite this, Long Beach continues to attract buyers seeking a blend of coastal living and investment potential.
Median Sale Price
Median Sale Price per Sq. Ft.
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In August 2024, Long Beach home prices saw a 6.3% increase compared to the previous year, with the median sale price rising to $840K. Homes in Long Beach are now staying on the market slightly longer, with an average of 36 days compared to 32 days last year, signaling a subtle shift in buyer behavior or market demand. The number of homes sold dropped to 209 this August, down from 241 last year, suggesting a tightening inventory or more selective purchasing decisions. Additionally, while the overall home prices increased, the median price per square foot dipped slightly by 0.64% to $622, highlighting that while property values rise, buyers may be getting more space for their money. This mixed market dynamic reflects changing trends in Long Beach real estate as it remains a desirable area with evolving buyer preferences.
The Long Beach housing market remains somewhat competitive, with homes typically going pending in around 35 days. On average, homes for sale in Long Beach, CA sell for about 1% above the list price. Some properties receive multiple offers, highlighting the demand in the area. Hot homes tend to perform even better, often selling for up to 3% above list price and going pending in approximately 19 days. This market trend underscores the appeal and competitive nature of Long Beach homes for sale, especially for well-priced and desirable properties.
A significant number of people are moving to Long Beach from outside its local metro area, with 5% of homebuyers across the nation searching to relocate to the city. The largest group of out-of-metro buyers comes from San Francisco, making it the top city from which people are looking to move to Long Beach. New York and El Centro follow as other key sources of potential homebuyers. This interest highlights Long Beach's growing appeal for those seeking a balance of coastal living and urban amenities, attracting residents from major metropolitan areas.
For detailed, up-to-date information on buying/selling a house in Long Beach, including legal considerations and market trends, you can talk to us.
Before buying a home in Long Beach, CA, it's important to understand the city's diverse neighborhoods, from beachfront properties to more urban areas. Consider your lifestyle needs, proximity to schools, and access to public transportation. It's also crucial to work with a local real estate agent familiar with the homes for sale in Long Beach, CA to help you navigate the competitive market. Securing financing and getting pre-approved for a mortgage can also strengthen your offer in this somewhat competitive environment.
Long Beach offers a wide variety of properties, from single-family homes to condos, multi-family units, and even waterfront properties. Whether you're looking for a starter home or luxury real estate, you'll find options that cater to different needs and budgets. The market includes homes with historical charm in neighborhoods like Bluff Heights and Belmont Shore, as well as modern developments. Buyers interested in investing may also explore multi-family homes in Long Beach, which can provide rental income opportunities.
In the somewhat competitive Long Beach real estate market, making a strong offer is key. Being pre-approved for a loan and offering above the asking price can help your bid stand out, especially in competitive neighborhoods. It's not uncommon for hot homes in Long Beach to sell above list price. You may also consider being flexible with your closing timeline or waiving certain contingencies to make your offer more appealing to sellers.
Pricing your home competitively is crucial to attract buyers in Long Beach, CA. Research comparable properties in your neighborhood and consult with a local real estate agent to get an accurate valuation. Homes priced right tend to sell faster, especially in areas with high demand. Be mindful of your home’s unique features, location, and condition, which can all influence its value. For instance, waterfront homes in Long Beach or properties near major attractions may command higher prices than others.
To prepare your home for sale, consider making necessary repairs and improvements to enhance its appeal. Curb appeal is key in attracting potential buyers, so tidy up your landscaping, repaint the exterior if needed, and declutter your home. Staging your home can also help buyers envision themselves living in the space. Homes in Long Beach that are well-presented and in move-in condition often sell quicker and for higher prices, especially in desirable areas like Belmont Shore and Bixby Knolls.
The average home in Long Beach typically sells within 35 days, although this can vary based on factors such as location, property condition, and pricing. Homes that are competitively priced and well-maintained, especially hot homes in Long Beach, can sell in as little as 19 days. Working with an experienced real estate agent will help ensure your home is marketed effectively to reach the right buyers and expedite the sale process.
Whether you're curious about the vibrant neighborhoods of Long Beach, CA, or you're ready to find the home of your dreams, we're here for you. Don't let your questions go unanswered or your desires unexplored. Contact us today, and let's turn your visions of seaside living into your everyday reality. From the bustling streets of Downtown to the tranquil shores of Belmont Shore, your perfect property awaits.
Curious about what makes Long Beach, CA, so unique? From the historic Queen Mary to the tranquil gardens of Naples, every corner of Long Beach tells a story. Whether you’re a history buff, a beach lover, or someone who enjoys a vibrant nightlife, our comprehensive Neighborhood Guide is your key to uncovering the treasures of Long Beach.
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