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| November data for Long Beach market |
Both median and average sales prices for a single family home have increased over 1% in the last 12 months, however the percent of original list price has decreased over the same time period by 1%.
However, comparing Nov. 2024 to Nov. 2025, the average sales price of a single family home has decreased by about 7%, while the median has increased by 12%, possibly meaning that more sales have taken place in the higher market compared to one year ago.
The inventory of homes in November decreased by 11% compared to one year ago, a story that has been repeated over and over in many markets.
Condo prices have softened even more: days on market until sale have lengthened from 41 days to 51 days, the median and average sale prices have noticeably decreased with average sales price decreasing from $621,740 to $546,389 a decrease of 12%! Condos are impacted significantly by the financial health of the HOA, increasing owner insurance costs, and increasing demands by insurers to update certain features in the common area such as roofing and electrical. In fact, these demands are on all types of residential properties, but HOA associations may feel it more depending on their financial health, i.e., reserves and overall maintenance. This does not mean that all condominiums are not performing well, only that carefully investigating during escrow should be done.
To find properties on the market, just go to my property search page on my website below.
If you are interested in a home or investment purchase in 2026, please contact me. I'd be happy to put my experience to work for you.
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996
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