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.
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
| 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 |