Long Beach-Lakewood Housing Market Report December 2024•Los Angeles County, California

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Housing Prices in Long Beach-Lakewood, CA

How much do homes in Long Beach-Lakewood, CA cost?

Housing Market Conditions

Is Long Beach-Lakewood, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Long Beach-Lakewood is a Seller's Market

Difference Since December 2023

Since last year, Long Beach-Lakewood has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$832,291$632/SqFt
+$41,600
+5.3%

Based on all homes sold in the last 12 months

Insight

Homes in Long Beach-Lakewood have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Long Beach-Lakewood was $832,291 in December 2024, up 5.3% from last year, and the median price per square foot was $632.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Signal Hill
+8.3%
Long Beach
+5.9%
Long Beach-Lakewood
+5.3%
Lakewood
+4.4%
Bellflower
+4.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$437.5K$445.3K
+1.8%
2$639.3K$673.3K
+5.3%
3$865.1K$900.4K
+4.1%
4$1.0M$1.1M
+19.5%
5$1.2M$1.3M
+7.2%

Summary: Long Beach-Lakewood housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +1.8%. The home price for 2 bedroom homes increased by +5.3%. The home price for 3 bedroom homes increased by +4.1%. The home price for 4 bedroom homes increased by +19.5%. The home price for 5 bedroom homes increased by +7.2%.

Housing supply in Long Beach-Lakewood, CA

How many homes are available in Long Beach-Lakewood, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
742Last MonthDec 2024
8492 months agoNov 2024
-12.6 %
Change MoMNov – Dec

Summary: The Long Beach-Lakewood real estate market had 742 homes for sale in Dec 2024, a 12.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
192Last MonthDec 2024
2072 months agoNov 2024
-7.2 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
1128115
-10.2%
2266241
-9.4%
3303247
-18.5%
410999
-9.2%
54340
-7.0%

Summary: Long Beach-Lakewood housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -10.2%. The inventory for 2 bedroom homes decreased by -9.4%. The inventory for 3 bedroom homes decreased by -18.5%. The inventory for 4 bedroom homes decreased by -9.2%. The inventory for 5 bedroom homes decreased by -7.0%.

Asking Price vs. Sold Price

How much do homes in Long Beach-Lakewood, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price85 Homes

At Asking Price38 Homes

Under Asking Price69 Homes

Insight

If you're buying a home in Long Beach-Lakewood, you could pay more than the asking price. 44.3% of homes here sold above asking price last month.

Summary: A total of 192 homes were sold or pending in Long Beach-Lakewood in December 2024, down by 7.2% month-over-month. Of the 192 sold homes, 36% were sold under asking, 20% were sold at asking, and and 44% were sold over asking.

Days on Market for Long Beach-Lakewood, CA

How long does it take to sell a home in Long Beach-Lakewood, CA?

Breakdown of Home Sale Times

Under 30 Days119 Homes

30 – 90 Days56 Homes

Over 90 Days17 Homes

Insight

Many homes in Long Beach-Lakewood are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 192 homes were sold in Long Beach-Lakewood; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
35 DaysThis YearDec 2024
26 Days1 year agoDec 2023
+36.5 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Long Beach-Lakewood had an average listing age of 35 days in Dec 2024, up by 36.5% compared to the previous year.

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Newest Listings in Long Beach-Lakewood, CA

What homes are available in Long Beach-Lakewood, CA?

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MLS Disclaimers and Copyright

Based on information from California Regional MLS, Bay Area Real Estate Information Services Inc., and Shasta MLS for the period 01/01/2023 - 01/01/2025

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 5:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service (BAREIS MLS) in which this real estate broker participates. The properties displayed are only the properties in the MLS's database approved by the cooperating listing Brokers to be displayed. Properties listed by brokers other than the broker owning this website are identified with the name of the listing broker's company, and name of the Listing Agent. Property information is provided by the listing broker. Information provided is not guaranteed to be accurate by BAREIS MLS, and you are advised to verify facts that are important to you. BAREIS MLS does not create, control, or review the property data displayed on this site and takes no responsibility for the content of such records. IDX information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 5:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.