Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Mon Apr 06 2020
This week the median list price for Cerritos, CA 90703 is $788,000 with the market action index hovering around 72. This is an increase over last month's market action index of 60. Inventory has held steady at or around 17. 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

Mon Apr 06 2020
This week the median list price for Cerritos, CA 90703 is $788,000 with the market action index hovering around 72. This is an increase over last month's market action index of 60. Inventory has held steady at or around 17. 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 $788,000
Per Square Foot $437
Days on Market 61
Price Decreased 12%
Price Increased 6%
Relisted 12%
Inventory 17
Median Rent $2,895
Most Expensive $1,298,000
Least Expensive $675,000
Market Action 72
Strong Seller's Market

The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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
$1,185,500 2,394 4,500 - 6,500 sqft 4 3 42 0 1 38
$912,000 2,380 4,500 - 6,500 sqft 4 3 50 0 2 157
$782,000 1,973 4,500 - 6,500 sqft 4 2 47 0 1 24
$685,000 1,170 4,500 - 6,500 sqft 3 2 51 3 2 30