Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Sat Aug 17 2019
This week the median list price for Cerritos, CA 90703 is $779,888 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 41. 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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Cerritos, CA 90703

Sat Aug 17 2019
This week the median list price for Cerritos, CA 90703 is $779,888 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 41. 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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $779,888
Per Square Foot $406
Days on Market 98
Price Decreased 41%
Price Increased 7%
Relisted 12%
Inventory 41
Median House Rent $3,395
Most Expensive $1,422,000
Least Expensive $499,800
Market Action Index
Strong Seller's Market
48

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
$1,157,625 2,880 6,500 - 8,000 sqft 4 2 39 1 0 95
$827,000 2,223 4,500 - 6,500 sqft 4 2 48 2 4 59
$749,500 1,757 4,500 - 6,500 sqft 4 1 48 1 1 155
$684,999 1,550 4,500 - 6,500 sqft 3 1 50 4 2 84