Housing Market Report

Cerritos, CA 90703

Condos/Townhomes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Wed Jan 22 2020
This week the median list price for Cerritos, CA 90703 is $404,399 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has held steady at or around 8. 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

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

Wed Jan 22 2020
This week the median list price for Cerritos, CA 90703 is $404,399 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has held steady at or around 8. 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

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 $404,399
Per Square Foot $451
Days on Market 51
Price Decreased 13%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent $2,294
Most Expensive $554,000
Least Expensive $385,000
Market Action 52
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$527,000 1,516 0 - 4,500 sqft 2 2 43 2 2 0
$412,499 891 0.5 - 1 acre 2 1 49 0 0 140
$396,900 867 6,500 - 8,000 sqft 3 1 47 0 1 14
$387,000 867 6,500 - 8,000 sqft 3 1 47 0 1 49