Option 2: Hire a top Long Beach real estate agent
Even when time is pressing, hiring an experienced real estate agent in Long Beach can be a smart move. With their deep understanding of the local market, they’ll guide you smoothly through the selling process, ensuring a successful outcome. From staging advice to skillful negotiation, they’ll help you maximize your home’s value, even under tight deadlines.
“When I’ve shown homeowners what they would net out even after real estate costs are factored in, it’s well above what these ‘we buy houses for cash’ companies are offering to pay,” says Oriana Shea, a top agent in Long Beach who sells homes 51% faster than the average agent in her market.
Now, let’s explore the current market conditions, uncover the benefits of working with a real estate professional, and learn how to connect with a top-performing agent in the Long Beach area.
How fast are homes selling in Long Beach?
Curious about the pace of home sales in Long Beach? In December 2023, the typical home spent a median of 25 days on the market, down 16.7% compared to the same period a year earlier, according to data compiled by the Pacific West Association of Realtors®. Keep in mind that while homes may go under contract relatively quickly, the average time to close on a purchase loan adds another 47 days to the timeline.
The median single-family home price stood at $915,000, an increase of 10.2% year-over-year. Home prices remain high due to ultra-tight inventory in Long Beach — the number of single-family homes for sale plummeted 36.7% year-over-year in December, and new listings for the same property type fell 13.1%. This lack of inventory is giving Long Beach home sellers a clear advantage over buyers, who are slowly returning to the market (closed home sales ticked up 2% at the year’s end).
Here’s a snapshot of current housing market indicators in Long Beach:
| Days on market (average time from list to contract) | 25 days* |
| Days to close conventional home loan | 47 days |
| Median home sale price | $915,000 |
| Supply of inventory | 2.7 months** |
| Number of closed home sales year over year | +2.0% |
*Does not include time for buyer to close the loan
**Data point for Los Angeles Metro Area
Data sources: Pacific West Association of Realtors®, California Association of Realtors®, Ice Mortgage Technology
Benefits of selling with a top Long Beach agent
Looking to speed up the sale of your Long Beach home? Partnering with a top real estate agent can speed up the process. Not only do they bring expertise and local knowledge to the table, but they also offer a range of benefits that can lead to a faster home sale.
