Long Beach, California, is known for its diverse population, arts and cultural scene, LGBT-friendly attitude and Grand Prix auto race. It’s also known for a diverse stock of housing within easy reach of the city of Los Angeles and Orange County.
NerdWallet analyzed March 2016 data from real estate site Agent Ace to determine Long Beach market trends. If you’re considering moving to Long Beach, here’s what you should know about its real estate market.
The Long Beach real estate market
How hot is real estate in Long Beach? Here’s a look at how many homes are on the market and how quickly they’re selling.
Is it a buyer’s or seller’s market?
In part due to the majority of homes moving off the market quickly, Agent Ace considers Long Beach a seller’s market. Many buyers can negotiate below asking price, but the market is more favorable to sellers.