Michael's Market Report

Cerritos, CA 90703

Single-Family Homes

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Cerritos, CA 90703

Mon Apr 22 2019
This week the median list price for Cerritos, CA 90703 is $799,900 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 43. Click here to stay informed with the Cerritos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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.

Cerritos, CA 90703

Mon Apr 22 2019
This week the median list price for Cerritos, CA 90703 is $799,900 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 43. Click here to stay informed with the Cerritos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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

Never miss important changes in the Cerritos market.
Median List Price $799,900
Per Square Foot $424
Days on Market 84
Price Decreased 37%
Price Increased 2%
Relisted 12%
Inventory 43
Median House Rent $2,998
Most Expensive $1,550,000
Least Expensive $499,000
Market Action Index
Slight Seller's Advantage
44

We continue to see prices in this zip code bounce around this 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
$1,197,488 2,719 6,500 - 8,000 sqft 4 2 41 3 2 94
$842,000 2,521 4,500 - 6,500 sqft 4 1 49 3 2 78
$769,000 1,824 4,500 - 6,500 sqft 4 2 49 4 1 117
$685,000 1,400 4,500 - 6,500 sqft 3 1 49 6 3 46