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Long Beach Real Estate Prices Show Slower Growth This Quarter Compared To 2025
Median home prices have increased just 2.3% from April to June, lagging behind last year's pace-signaling a possible market cooldown in key neighborhoods.
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Long Beach’s red-hot property market appears to be cooling, with median home prices rising 2.3% during the April-to-June quarter of 2026-slower than the 6.7% jump recorded for the same period last year. The trend marks a shift for sellers and buyers hoping to navigate one of Southern California’s most closely watched housing markets.
The quarterly data comes as residents weigh higher mortgage rates, a limited pool of for-sale stock in neighborhoods like Belmont Shore, and shifting demand patterns following last year’s record-breaking spring. The direction of price growth now matters for first-time buyers and longtime residents who have seen Long Beach endure sharp increases since the pandemic era boom.
North Alamitos Beach and Bixby Knolls Feel the Change
North Alamitos Beach and Bixby Knolls-two neighborhoods that posted headline-making price surges in 2025-are both seeing a slowdown. Parallel to the citywide trend, key enclaves along Broadway and Atlantic Avenue have witnessed more inventory but shorter wait times for closings, according to local brokerages such as First Team Real Estate and Keller Williams Pacific Estates. First-time buyers in downtown condos face less sticker shock than twelve months ago, as price growth steadies after several wild seasons.
At the urban core, Pine Avenue condos and older Spanish bungalows off Cherry Avenue saw asking prices that, while high historically, have not jumped as sharply as in previous springs. Real estate agents point to more sellers staying put, and a rise in listings from investors cashing out on pandemic-era gains.
Comparing This Quarter’s Numbers
City housing data released this week show the median price for single-family homes in Long Beach reaching $798,400 by June 30. That’s up from $780,700 at the end of March-but notably less than last year’s 6.7% quarter-on-quarter leap, according to figures compiled by the California Association of Realtors. Local agents attribute the change to both higher mortgage rates-averaging 6.8% on a 30-year fixed in June-and fewer buyers bidding up homes well over asking price. The volume of listings has also stabilized, with around 820 homes on the market in late June versus just 600 at the same time in 2025, giving buyers more time and leverage.
In Wrigley and Zaferia, recently renovated craftsman homes have retained strong interest, but open houses are drawing smaller crowds. New construction around the Douglas Park business zone near Lakewood Boulevard continues to draw corporate relocation buyers, but demand is not as feverish as last year.
Looking ahead, local agents expect price growth to continue moderating through the fall, barring a major shift in interest rates or a sudden surge in inventory. Prospective buyers are advised to scrutinize listings carefully, look beyond the most popular neighborhoods, and get pre-approved for financing before making offers. For sellers, expectations should be recalibrated; homes are still moving, but aggressive over-asking bids have become less common. As the summer closes, all eyes will be on the city’s August data to see if this trend solidifies or reverses.
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.