Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Wed Oct 23 2019
This week the median list price for Cerritos, CA 90703 is $787,450 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 40. 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

Wed Oct 23 2019
This week the median list price for Cerritos, CA 90703 is $787,450 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 40. 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 $787,450
Per Square Foot $441
Days on Market 80
Price Decreased 28%
Price Increased 10%
Relisted 13%
Inventory 40
Median House Rent $3,195
Most Expensive $1,548,888
Least Expensive $347,900
Market Action Index
Strong Seller's Market
50

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
$1,093,900 2,585 4,500 - 6,500 sqft 4 2 46 0 2 98
$812,499 2,217 4,500 - 6,500 sqft 4 1 50 2 1 72
$749,950 1,605 4,500 - 6,500 sqft 4 1 49 4 1 110
$692,450 1,390 4,500 - 6,500 sqft 3 0 51 3 2 39