Fri Dec 13 2019
This week the median list price for Cerritos, CA 90703 is $779,900 with the market action index hovering around 61. This is an increase over last month's market action index of 56. Inventory has held steady at or around 19.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$779,900|
|Per Square Foot||$422|
|Days on Market||80|
|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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,099,995||2,725||6,500 - 8,000 sqft||4||2||40||0||0||70|
|$938,000||2,607||4,500 - 6,500 sqft||5||2||49||0||0||102|
|$775,000||2,102||4,500 - 6,500 sqft||4||1||50||1||1||39|
|$718,900||1,454||4,500 - 6,500 sqft||3||0||51||2||1||106|