Known for its waterfront attractions, cultural diversity, and flourishing restaurant scene, Long Beach is a city with a ton going for it.
As a result, this Southern California hotspot is also home to a competitive real estate market. Desirability has made the city stand out, raising the Long Beach average home price.
That said, some Long Beach neighborhoods are more affordable than others. If you’re ready to sell your home and make a move, it’s important to understand the home values in your areas. This is your guide to understanding Long Beach home values and selecting a new ‘hood.
#1 Belmont Shores
Nestled right against Rosie’s Dog Beach, Long Beach’s Belmont Shores neighborhood is often regarded as the best place for families and young professionals. In addition to surfing the waves and relaxing on the beach, Belmont Shores residents can also enjoy dining at beloved restaurants like George’s Greek Cafe.
As of early 2022, the median home listing price for the Belmont Shores neighborhood was $1.3 million, compared to the average home price of $735,000.1
Here are a few more details regarding the area’s early 2022 housing market:1
- Belmont Shore is a seller’s market.
- The median listing price per square foot is $856.
- Homes are on the market for an average of 56 days.
#2 Lakewood Village
Located on the city’s northeast side, Lakewood Village is consistently ranked as one of Long Beach’s most underrated neighborhoods.
This is because the neighborhood boasts tons of restaurants, coffee shops, and bars, and is in an area with highly-rated schools. What’s more, the neighborhood is located next to the airport, making it a convenient place to work, live, and travel.
The median home listing price for Lakewood Village is $900,000. We know the Long Beach housing market is volatile, and at that price point, it’s actually one of the more affordable in the city.2
When gauging a Lakewood home’s valuation, take the following into account:2
- Lakewood Village is in a seller’s market.
- The median listing price per square foot is $523.
- Homes are on the market for an average of 53 days.
#3 Los Altos
Los Altos is nestled on the southeast side of the city. An affordable, suburban area, Los Altos features many restaurants and amenities. It’s also close to California State University–Long Beach.
As of early 2022, the median home listing price for Los Altos was $970,000, once again higher than the average price in Long Beach CA.3
Also note the following specifics:3
- The area is in a seller’s market.
- The median price per square foot is $626.
- Homes are on the market for an average of 47 days.
#4 East Village Arts District
Long Beach’s “hip neighborhood,” East Village Arts District is full of art galleries, colorful murals, exciting flavors, and all-around cool vibes. With close proximity to downtown Long Beach, it’s also one of the most affordable neighborhoods in the area.
The median home listing price for East Village Arts District is $345,000—one of the few neighborhoods on this list that clocked in lower than the Long Beach median home price in early 2022.4
If you are considering moving to East Village Arts District, be prepared for a fast-moving market with the following stats:
- The area is in a balanced housing market.
- The median home price per square foot is $524.
- Homes are on the market for an average of 47 days.
#5 Bixby Knolls
Located in the heart of the city, also just minutes from downtown Long Beach, Bixby Knolls meshes the hustle and bustle of the city with a comfortable suburban feel. It’s an area noted for its upscale shopping as well as its kid-friendly attractions. Those looking for a single-family home can find success here.
The median home listing price for the neighborhood is $815,000, making it slightly higher than the city’s average.5
Here are a few other key details:
- The area is in a high seller’s market.
- The median home price per square foot is $499.
- Homes are on the market for an average of 37 days.
Built on an island in Alamitos Bay, Long Beach’s Naples neighborhood embraces its Italian influence, as well as its high home listing prices. This area features some of the most expensive housing prices in the city.
The median home listing price for Naples is $2.2 million, much higher than the city’s average.6
The area’s housing market also has the following characteristics:6
- The area is in a strong seller’s market.
- The median price per square foot is $936.
- Homes are on the market for an average of 58 days.
FlipSplit: Selling Made Simple
Buying or selling a home at maximum value requires you to know the Long Beach real estate market trends. The last thing you want is to list your home at the wrong price and risk a drawn-out process before you can make your next move.
Fortunately, we buy houses and have you covered on your next home sale. At FlipSplit, we simplify the selling process by paying you cash upfront for your home. We then sell your home, splitting any profits we make on the sale with you.
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- Realtor.com. Home values in Belmont Shores. https://www.realtor.com/realestateandhomes-search/Belmont-Shore_Long-Beach_CA/overview
- Realtor.com. Home values in Lakewood Village. https://www.realtor.com/realestateandhomes-search/Lakewood-Village_Long-Beach_CA/overview
- Realtor.com. Home values in Los Altos South. https://www.realtor.com/realestateandhomes-search/Los-Altos-South_Long-Beach_CA/overview
- Realtor.com. Home values in East Village. https://www.realtor.com/realestateandhomes-search/East-Village_Long-Beach_CA/overview
- Realtor.com. Home values in Bixby Knolls. https://www.realtor.com/realestateandhomes-search/Bixby-Knolls_Long-Beach_CA/overview
- Realtor.com. Home values in Naples. https://www.realtor.com/realestateandhomes-search/Naples_Long-Beach_CA/overview