Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Sat Nov 27 2021
This week the median list price for Cerritos, CA 90703 is $989,000 with the market action index hovering around 87. This is less than last month's market action index of 89. Inventory has decreased to 9. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cerritos, CA 90703

Sat Nov 27 2021
This week the median list price for Cerritos, CA 90703 is $989,000 with the market action index hovering around 87. This is less than last month's market action index of 89. Inventory has decreased to 9. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $989,000
Median Price of New Listings $985,000
Per Square Foot $495
Average Days on Market 30
Median Days on Market 14
Price Decreased 11%
Price Increased 22%
Relisted 11%
Inventory 9
Median Rent $3,300
Market Action 87
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
$1,750,000 2,787 6,500 - 8,000 sqft 4 3.5 45 0 1 105
$1,079,950 2,421 6,500 - 8,000 sqft 4 3 49 0 1 24
$987,000 1,780 6,500 - 8,000 sqft 3 2.5 51 2 2 0
$950,000 2,049 4,500 - 6,500 sqft 5 3 52 1 4 0