Long Beach Home Prices Jump 4.1% to $879,000 in Q2

Long Beach median home prices posted a 4.1 percent increase in the second quarter compared with the same period last year, according to figures released this week by the Long Beach Association of Realtors. The median sale price climbed to $879,000 between April and June, up from $844,000 a year earlier.

The gain arrives as mortgage rates have eased slightly from their 2025 peaks and as buyers compete for a limited supply of listings. Local inventory remains below the five-month mark that typically signals a balanced market, pushing prices higher even as some sellers test higher asking figures on renovated properties.

Neighborhood shifts on the ground

Sales activity has concentrated along 2nd Street in Belmont Shore, where several three-bedroom homes changed hands above $1.1 million, and near the intersection of Atlantic Avenue and 7th Street, where buyers paid premiums for units within walking distance of the Long Beach City College campus. The Long Beach Multiple Listing Service recorded 312 closed transactions in the quarter, 18 more than the same stretch last year, with townhouses in the Naples Island area accounting for much of the added volume.

Buyers who closed in June reported average days on market of 27, down from 34 in the second quarter of 2025. That pace reflects continued interest from port-related professionals and families relocating from higher-cost coastal cities further north.

Numbers behind the movement

The Long Beach Association of Realtors data show single-family homes averaging $925,000, a 3.9 percent lift over the year-ago quarter, while condominiums reached a median of $612,000, up 4.8 percent. Price growth outpaced the 2.7 percent quarterly gain logged in the first three months of 2026, indicating momentum built through the spring.

Active listings stood at 1,084 on July 1, a 9 percent drop from the same date in 2025. The Port of Long Beach employment reports and steady demand from workers at the nearby Boeing facility have supported the lower end of the market, keeping entry-level condos moving faster than larger estates.

Prospective buyers should review recent comparable sales on the Long Beach Multiple Listing Service before submitting offers and consult a local lender on current rate-lock options. Checking property tax assessments tied to the 2026-2027 fiscal year can also clarify carrying costs before making a final decision.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.