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Long Beach & Gateway Cities Market Update

Long Beach & Gateway Cities Housing Market Update: This fall's selling pace

Long Beach & Gateway Cities, here's how fast homes are selling.

A palm-lined street with a mid-century style house

Key takeaways

  • The average 30-year fixed rate was 7.32% (Freddie Mac PMMS, October 22, 2026).
  • Lakewood: median price $893,574, +1.9% vs. last year, 36 (vs. 38) median days on market (City snapshot (Redfin; median sale price for the 3 months ending the month shown, days on market for that month vs. a year earlier)).
  • Downey: median price $874,584, +2.6% vs. last year, 32 (vs. 36) median days on market (City snapshot (Redfin; median sale price for the 3 months ending the month shown, days on market for that month vs. a year earlier)).
  • Cerritos: median price $1,162,946, -2.5% vs. last year, 32 (vs. 29) median days on market (City snapshot (Redfin; median sale price for the 3 months ending the month shown, days on market for that month vs. a year earlier)).

Good morning, Long Beach & Gateway Cities. This week's quick read is about pace: how long homes are taking to sell in a few Long Beach & Gateway Cities markets, what that means if you're buying or selling, and a few things worth doing around town.

Monday Motivation

“Good decisions rarely feel rushed. Get clear on your numbers now, and you get to move on your timeline, not the market's.”

Move of the week: Look at how many days homes near you are taking to sell (it's in this update). If a move is on your radar for the next year, that number tells you how much runway to plan for.

Your Long Beach & Gateway Cities Market

Los Angeles Co. median$994,670▲ +1.2% vs. Sep 2025
County sales vs. last year▼ -10.9%Los Angeles County, Sep 2026
Quickest in snapshot32 daysDowney and Cerritos, median days on market

County figures: C.A.R., September 2026, existing single-family homes.

City snapshot (Redfin; median sale price for the 3 months ending the month shown, days on market for that month vs. a year earlier):

CityMedianYoYDays on mktMo.
Lakewood$893,574▲ +1.9%36 (vs. 38)Sep
Downey$874,584▲ +2.6%32 (vs. 36)Sep
Cerritos$1,162,946▼ -2.5%32 (vs. 29)Sep

Rates this week: 30-yr fixed 7.32% · 15-yr fixed 6.68% (Freddie Mac PMMS, October 22, 2026), down from 7.40% and 6.71% the week before. A year ago: 6.19% and 5.44%.

Your LA County market page → · First-time buyer guide →

What It Means For You

If you're buying

At the Los Angeles County median (C.A.R., September 2026) of $994,670, putting 20% down, this week's 7.32% average 30-year rate works out to about $5,466/month in principal and interest, vs. about $4,868 at last year's 6.19%. In the snapshot above, median days on market ranged from 32 (Downey and Cerritos) to 36 (Lakewood), so the pace depends a lot on where you shop.

If you're selling

The Los Angeles County median is up 1.2% from September 2025, while sales are down 10.9%. Your city and street can look different, so a value based on recent sales near you is the place to start.

Homeowner reminder · Safety

Clocks fall back Sunday. Test your alarms.

Daylight saving time ends this Sunday, Nov. 1, at 2 a.m. It's an easy reminder to check your smoke and carbon monoxide alarms. The U.S. Fire Administration says to test smoke alarms monthly, replace the batteries at least once a year, and replace the whole smoke alarm every 10 years. California's carbon monoxide law also requires CO detectors in homes that have a fossil-fuel-burning heater, appliance or fireplace.

Sources: NIST, 2026 daylight saving time dates; U.S. Fire Administration smoke alarm guidance (page reviewed Oct. 13, 2026); City of West Hollywood summary of California's Carbon Monoxide Poisoning Prevention Act of 2010.

Aerial view of a waterfront neighborhood with boats at sunset

Around Long Beach & Gateway Cities

  • Halloween Carnivals · Lakewood
    Sat, Oct 31 · 6-8:30 p.m.
    Eight Lakewood parks · No admission charge
  • Tree Lighting · Lakewood
    Fri, Dec 4 · 4:30-8 p.m.; program at 6:30 p.m.
    Lakewood Civic Center · No cost
  • Merry-Achi Christmas · Cerritos
    Fri-Sat, Dec 4-5 · 7 p.m.; Sun, Dec 6 · 2 p.m.
    Cerritos Center for the Performing Arts · Ticketed
  • 42nd Belmont Shore Christmas Parade · Long Beach
    Sat, Dec 5 · 6-9 p.m.
    E. Second St., Quincy Ave. to Bayshore Ave. · No cost

Event info from organizers' public listings and may change. Please confirm before you go.

Quick answers

What are mortgage rates this week?

The average 30-year fixed rate was 7.32% (Freddie Mac PMMS, October 22, 2026). Your own rate depends on your credit, down payment and loan type.

What is the median home price in Lakewood?

Lakewood: median price $893,574, +1.9% vs. last year, 36 (vs. 38) median days on market (City snapshot (Redfin; median sale price for the 3 months ending the month shown, days on market for that month vs. a year earlier)).

What is the median home price in Downey?

Downey: median price $874,584, +2.6% vs. last year, 32 (vs. 36) median days on market (City snapshot (Redfin; median sale price for the 3 months ending the month shown, days on market for that month vs. a year earlier)).

What is the median home price in Cerritos?

Cerritos: median price $1,162,946, -2.5% vs. last year, 32 (vs. 29) median days on market (City snapshot (Redfin; median sale price for the 3 months ending the month shown, days on market for that month vs. a year earlier)).

Thinking about buying or selling in Long Beach & Gateway Cities?

Get a home value based on recent sales near you, or book 15 minutes to talk through your plan.

Get My Home Value Book 15 Minutes Long Beach & Gateway Cities market page

or call/text 562-253-9034

Sources

  • Lakewood: Redfin housing market page (median sale price for the 3 months ending September 2026; homes sold and median days on market for September 2026), accessed Oct 25-26, 2026
  • Downey: Redfin housing market page (median sale price for the 3 months ending September 2026; homes sold and median days on market for September 2026), accessed Oct 25-26, 2026
  • Cerritos: Redfin housing market page (median sale price for the 3 months ending September 2026; homes sold and median days on market for September 2026), accessed Oct 25-26, 2026
  • County and state medians and sales: California Association of REALTORS® (C.A.R.), September 2026 home sales and price report released Oct. 19, 2026 (existing single-family homes)
  • Mortgage rates: Freddie Mac Primary Mortgage Market Survey, week of October 22, 2026
  • Safety reminder: NIST (daylight saving time 2026); U.S. Fire Administration, Smoke alarms (reviewed Oct. 13, 2026); City of West Hollywood, Carbon Monoxide Law
  • Events: City of Lakewood (Lakewood), accessed Oct 25-26, 2026
  • Events: Cerritos Center for the Performing Arts (Cerritos), accessed Oct 25-26, 2026
  • Events: Belmont Shore Business Association (Long Beach), accessed Oct 25-26, 2026

Information deemed reliable but not guaranteed.

Payment example: principal and interest only on a 30-year fixed loan of $795,736 (20% down on the Los Angeles County median price (C.A.R., September 2026) of $994,670), at 7.32% (Freddie Mac PMMS average, October 22, 2026) = $5,466/month vs. 6.19% (year-ago average) = $4,868/month. Excludes property taxes, insurance and HOA dues. Your rate and payment will differ. Not a loan offer or commitment.

Online home value estimates are approximate and not an appraisal.

This article is not legal, tax or insurance advice.

Photos via Unsplash (Unsplash License): Logan Voss, Sydney Turturro.

Memorial “Memo” Dinh | REALTOR® | CA DRE #02066757 | Epique Realty | Prestige Luxury Group | Equal Housing Opportunity

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