Housing Market Report

Cerritos, CA 90703

Condos/Townhomes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Wed Oct 23 2019
This week the median list price for Cerritos, CA 90703 is $402,900 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has held steady at or around 6. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Cerritos, CA 90703

Wed Oct 23 2019
This week the median list price for Cerritos, CA 90703 is $402,900 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has held steady at or around 6. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $402,900
Per Square Foot $452
Days on Market 71
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Apartment Rent $2,513
Most Expensive $559,000
Least Expensive $389,000
Market Action Index
Strong Seller's Market
53

We continue to see prices in this zip code bouncing around this plateau. 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
$559,000 1,800 0 - 4,500 sqft 3 2 42 1 0 35
$445,000 1,145 - 3 2 46 1 0 35
$402,900 891 0.5 - 1 acre 2 0 48 0 0 49
$393,500 812 2.5 - 5 acres 2 0 46 0 0 129