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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$788,000|
|Per Square Foot||$437|
|Days on Market||61|
|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.
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|