July 2026 Long Beach Real Estate Market Report: Single-Family Prices Cross $1.07M as Condo Market Presents Strategic Buyer Opportunities

The July 2026 real estate data for Long Beach, California, highlights a clear divergence between single-family homes and the townhouse/condo market. Driven by tight inventory, single-family home prices jumped 12.2% year-over-year to a median price of $1,071,216. On average, single-family homes sold above asking price in under four weeks. Meanwhile, the condo and townhouse segment moderated slightly, with median prices adjusting -4.6% to $520,000, creating an accessible entry point for buyers looking to secure a home in Long Beach.

Here is a breakdown of the July 2026 numbers from the Pacific West Association of REALTORS® (PWR) and what they mean for your real estate plans.

July 2026 Market Snapshot: Single-Family vs. Condos

Key Takeaways from the July Data

1. Single-Family Home Values Reach New Heights

With active single-family inventory down 11.3% to 352 available homes, buyer competition for detached properties remains high.

• Strong Pricing Power: Sellers received 100.1% of their original list price on average.
• Quick Turnaround: Properties spent an average of just 26 days on the market before going under contract.
• 3.1 Months Supply: A 3.1-month supply keeps single-family real estate firmly in seller’s market territory.

2. Condos Offer Value and Breathing Room for Buyers

For buyers priced out of $1M+ single-family residences, the condo and townhouse market offers an attractive alternative:

• Accessible Entry Point: The median condo sales price adjusted to $520,000.
• Balanced Supply: Months Supply of Inventory stands at 5.4 months, giving buyers more options and room to negotiate compared to single-family listings.
• Increased Transaction Volume: Closed condo sales rose 14.1% year-over-year (81 closed sales in July 2026 vs. 71 in July 2025), demonstrating steady demand for affordable coastal housing.

What This Means For You (Bao’s Take)

For Home Sellers

If you own a single-family home in Long Beach, market conditions remain in your favor. Inventory is limited, and well-priced homes are attracting strong offers in under 30 days.

The Key to Success: Proper pricing and presentation remain vital. Even in a strong market, buyers are savvy; accurate pricing based on recent hyper-local sales ensures you maximize your return without sitting on the market.

For Home Buyers

While the single-family market is competitive, strategic opportunities exist across Long Beach.

• Explore Condos & Townhomes: With a 5.4-month supply and median prices holding around $520,000, condo properties offer an opportunity to build equity in a prime coastal market.
• Look at Neighborhood Nuances: Market conditions vary across sub-regions. Whether you are considering Coastal & Central Long Beach, established communities in North Long Beach, or single-family neighborhoods in East Long Beach, understanding local pricing dynamics is crucial before making an offer.