Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Fri Sep 20 2019
This week the median list price for Cerritos, CA 90703 is $778,900 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has held steady at or around 37. 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

Fri Sep 20 2019
This week the median list price for Cerritos, CA 90703 is $778,900 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has held steady at or around 37. 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 $778,900
Per Square Foot $426
Days on Market 96
Price Decreased 38%
Price Increased 5%
Relisted 11%
Inventory 37
Median House Rent $3,300
Most Expensive $1,598,888
Least Expensive $347,900
Market Action Index
Strong Seller's Market
51

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
$999,900 2,773 6,500 - 8,000 sqft 4 2 47 3 3 108
$849,888 2,100 4,500 - 6,500 sqft 4 2 50 5 2 80
$749,950 1,646 4,500 - 6,500 sqft 4 1 50 1 2 149
$684,444 1,387 4,500 - 6,500 sqft 3 1 50 2 2 52