Is Long Beach, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Long Beach was a Seller's Market.
Key Takeaway
Long Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Long Beach, WA
How much do homes in Long Beach, WA cost?
Median Sold Price
$349,950
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Long Beach have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Long Beach was $349,950 in May 2024, up 16.7% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $186K | +7.8% |
| 2 Bedrooms | $294.5K | $331K | +12.4% |
| 3 Bedrooms | $417.5K | $421K | +0.8% |
| 4 Bedrooms | $345K | $546K | +58.3% |
| 5+ Bedrooms | $442.5K | $150K | -66.1% |
Summary: Long Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes decreased by 66.1%.
Median Sold Price Compared To Nearby Cities
| Long Beach | $300K | $349.9K | +16.7% |
| Long Beach-North Beach Peninsula | $344.7K | $349.9K | +1.5% |
| Seaview | $387K | $312K | -19.4% |
Housing Supply in Long Beach, WA
How many homes are available in Long Beach, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 74 | +32.1% |
Summary: The Long Beach real estate market had 74 homes for sale in May 2024, a 32.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 20 | 29 | +45.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Long Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Long Beach in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Long Beach, WA
How long does it take to sell a home in Long Beach, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 30 Days | -5.8% |
Summary: Homes in Long Beach had an average of 30 days on market in May 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Long Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Long Beach; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.