Real Estate Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Sun May 26 2019
This week the median list price for Cerritos, CA 90703 is $788,000 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has held steady at or around 43. Click here to stay informed with the Cerritos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cerritos, CA 90703

Sun May 26 2019
This week the median list price for Cerritos, CA 90703 is $788,000 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has held steady at or around 43. Click here to stay informed with the Cerritos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $788,000
Per Square Foot $432
Days on Market 88
Price Decreased 42%
Price Increased 5%
Relisted 12%
Inventory 43
Median House Rent $2,600
Most Expensive $1,499,000
Least Expensive $499,000
Market Action Index
Strong Seller's Market
48

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,233,900 2,920 6,500 - 8,000 sqft 4 2 40 3 1 98
$825,000 2,311 4,500 - 6,500 sqft 4 2 48 0 1 94
$765,000 1,568 4,500 - 6,500 sqft 4 1 49 3 3 100
$675,000 1,400 4,500 - 6,500 sqft 3 1 48 2 1 63