Get the latest Long Beach market update to see how current home prices are shifting for buyers and sellers this October. Single-family home prices have reached a three-year high, with the median price now exceeding $1 million and properties selling in an average of 18 days. This data provides a clear picture of the current real estate trends for homeowners looking to list their properties in the coming months. In contrast, the condo market shows a different trend, with a median price of $521,000 and homes taking 35 days to sell. This difference suggests a buyer-favored market for those interested in multi-family units compared to the high demand for detached houses. Understanding these local property values is essential for making informed decisions in the current economy.
