Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Wed Jan 22 2020
This week the median list price for Cerritos, CA 90703 is $812,949 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has held steady at or around 18. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cerritos, CA 90703

Wed Jan 22 2020
This week the median list price for Cerritos, CA 90703 is $812,949 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has held steady at or around 18. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $812,949
Per Square Foot $432
Days on Market 77
Price Decreased 28%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent $2,998
Most Expensive $1,390,000
Least Expensive $485,000
Market Action 59
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.

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
$1,233,900 2,801 6,500 - 8,000 sqft 4 3 42 0 1 87
$957,000 2,564 6,500 - 8,000 sqft 4 3 49 0 0 134
$789,000 2,254 4,500 - 6,500 sqft 3 2 52 0 2 44
$735,000 1,405 4,500 - 6,500 sqft 3 2 51 1 3 53