Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Mon Jun 17 2019
This week the median list price for Cerritos, CA 90703 is $789,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 44. 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

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

Mon Jun 17 2019
This week the median list price for Cerritos, CA 90703 is $789,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 44. 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

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 $789,000
Per Square Foot $427
Days on Market 83
Price Decreased 43%
Price Increased 5%
Relisted 11%
Inventory 44
Median House Rent $2,995
Most Expensive $1,399,000
Least Expensive $399,000
Market Action Index
Strong Seller's Market
46

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
$1,195,000 2,830 6,500 - 8,000 sqft 4 2 40 1 2 73
$819,888 2,175 4,500 - 6,500 sqft 4 2 48 3 0 73
$739,000 1,520 4,500 - 6,500 sqft 4 1 50 3 2 110
$620,000 1,213 4,500 - 6,500 sqft 3 1 48 1 3 75