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.
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
| 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 |