Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Thu Aug 06 2020
This week the median list price for Cerritos, CA 90703 is $899,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has held steady at or around 19. Click here to stay informed with the Cerritos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Cerritos, CA 90703

Thu Aug 06 2020
This week the median list price for Cerritos, CA 90703 is $899,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has held steady at or around 19. Click here to stay informed with the Cerritos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $899,000
Per Square Foot $418
Days on Market 30
Price Decreased 21%
Price Increased 5%
Relisted 5%
Inventory 19
Median Rent
Most Expensive $1,400,000
Least Expensive $699,000
Market Action 67
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$1,337,000 3,130 4,500 - 6,500 sqft 5 4 46 1 0 45
$1,049,995 2,287 4,500 - 6,500 sqft 4 3 49 4 1 19
$898,000 2,289 4,500 - 6,500 sqft 4 3 49 2 2 43
$769,000 1,764 4,500 - 6,500 sqft 4 2 50 1 2 15