The real estate market in Long Beach, California, is currently experiencing some interesting trends. As of February 2025, the median sale price for homes in Long Beach is $771,000, which is an 8.8% decrease compared to last year. Homes are selling in about 55 days on average, and the market is considered somewhat competitive 1 .

On a broader scale, the U.S. housing market is facing challenges with high home prices and mortgage rates hovering around 7%. However, the price surge that began in 2020 has slowed down, with some markets seeing price declines due to increased inventory and affordability issues.

Are you looking to buy, sell, or just curious about the trends? Let me know how I can assist!