Housing Market Report

Cerritos, CA 90703

Condos/Townhomes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Fri Dec 13 2019
This week the median list price for Cerritos, CA 90703 is $427,499 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 10. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cerritos, CA 90703

Fri Dec 13 2019
This week the median list price for Cerritos, CA 90703 is $427,499 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 10. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $427,499
Per Square Foot $421
Days on Market 67
Price Decreased 40%
Price Increased 10%
Relisted 0%
Inventory 10
Median Rent $2,598
Most Expensive $638,000
Least Expensive $379,000
Market Action 50
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
$631,499 2,039 0 - 4,500 sqft 3 2 30 0 0 24
$511,750 1,270 2.5 - 5 acres 3 2 45 0 1 17
$409,999 878 0.5 - 1 acre 3 0 47 0 0 74
$380,000 867 6,500 - 8,000 sqft 3 0 46 0 0 121