Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Sat Oct 16 2021
This week the median list price for Cerritos, CA 90703 is $979,500 with the market action index hovering around 95. This is an increase over last month's market action index of 87. Inventory has increased to 8. 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

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

Sat Oct 16 2021
This week the median list price for Cerritos, CA 90703 is $979,500 with the market action index hovering around 95. This is an increase over last month's market action index of 87. Inventory has increased to 8. 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

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 $979,500
Median Price of New Listings $897,450
Per Square Foot $559
Average Days on Market 48
Median Days on Market 11
Price Decreased 0%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent $3,450
Market Action 95
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
$1,799,750 2,938 6,500 - 8,000 sqft 5 3 48 0 1 66
$1,130,400 2,268 6,500 - 8,000 sqft 4 3 44 0 0 73
$951,450 1,570 6,500 - 8,000 sqft 3 2 49 0 1 52
$897,450 1,722 4,500 - 6,500 sqft 4 2 49 2 3 0