Long Beach Market Report (SDMLS Computed), May 2026: Benchmark Price Dips to $762,500 Amidst Balanced Conditions

Long Beach Market Report (SDMLS computed) — May 2026

The Long Beach real estate market, with figures compiled from MLS data by this publication, recorded a composite benchmark price of $762,500 in May 2026, a decrease from both the prior month and year. Total sales reached 162, contributing to a balanced market condition as indicated by a sales-to-new-listings ratio of 54.4%.

Market Analysis

The Long Beach market experienced a composite benchmark price of $762,500 in May 2026, a notable adjustment from April 2026's $850,000 and May 2025's $842,500. Total sales for the month stood at 162, also showing a decline compared to 171 sales in April 2026 and 174 sales in May 2025. This trend suggests a period of price moderation and slightly reduced transaction volume.

With 298 new listings entering the market in May 2026, the sales-to-new-listings ratio (SNLR) settled at 54.4%, confirming a balanced market condition. This equilibrium indicates that neither buyers nor sellers hold a distinct advantage, as new inventory is being absorbed at a steady pace without creating significant pressure on either side. The market's current state reflects a period of stability rather than rapid shifts.

Property Type Analysis

A breakdown by property type reveals distinct performance metrics within the Long Beach market. Detached homes commanded the highest benchmark price at $1,025,000 and represented the majority of sales with 95 transactions. Apartments followed with a benchmark price of $499,000 and recorded 49 sales, indicating a strong presence in the more accessible price segments.

Attached/townhouse properties, while having a significant benchmark price of $949,000, saw fewer sales, totaling 13 for the month. This distribution highlights the continued demand for detached single-family residences, even as other property types contribute to the overall market activity.

Regional Highlights

The Long Beach market, as observed in May 2026, demonstrates a consistent trend of price adjustments and moderated sales activity. The overall market condition remains balanced, reflecting a stable environment for both transactions and new inventory.

This stability, characterized by a 54.4% SNLR, suggests that while new listings are entering the market, demand is absorbing them at a rate that prevents significant shifts towards either a buyer's or seller's market. The market's current state provides a predictable landscape for participants.

For Buyers

Buyers in the Long Beach market may find opportunities in the current balanced conditions, particularly with the composite benchmark price showing a decrease from prior periods. It is advisable to work with a local agent to identify properties that align with long-term investment goals and to be prepared to act decisively when suitable options arise, leveraging the current equilibrium.

For Sellers

Sellers should approach the Long Beach market with realistic pricing strategies, considering the recent adjustments in benchmark prices and the balanced market condition. Highlighting unique property features and ensuring competitive pricing can attract serious buyers, especially with 298 new listings entering the market during May 2026.