Long Beach, California started 2024 with a total of 125 single-family homes on the market, with a median home price of $1,000,000 and an average price per square foot of $780.06. By the end of the year, inventory had increased to 173 homes on the market (+38%), with a median home price of $1,030,000 (+3%), and an average price per square foot of $757 (-3%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 56 days.
Long Beach, California started the year with 36.80% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 31.21% of homes for sale had taken a price cut.
