Michael's Market Report

Cerritos, CA 90703

Condos/Townhomes

<a href="https://www.cerritosliving.com/property-search/">Properties</a> | <a href="https://www.cerritosliving.com/buyers/">Buyers</a> | <a href="https://www.cerritosliving.com/sellers/">Sellers</a>



Cerritos, CA 90703

Mon Apr 22 2019
This week the median list price for Cerritos, CA 90703 is $544,900 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 9. 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

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Cerritos, CA 90703

Mon Apr 22 2019
This week the median list price for Cerritos, CA 90703 is $544,900 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 9. 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

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $544,900
Per Square Foot $357
Days on Market 43
Price Decreased 11%
Price Increased 0%
Relisted 11%
Inventory 9
Median Apartment Rent $2,510
Most Expensive $648,999
Least Expensive $234,337
Market Action Index
Strong Seller's Market
48

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$613,943 1,708 0.25 - 0.5 acre 3 2 24 0 0 38
$563,444 1,590 0 - 4,500 sqft 2 2 31 1 1 84
$479,950 1,261 4,500 - 6,500 sqft 3 1 45 0 0 49
$379,000 904 6,500 - 8,000 sqft 2 0 47 2 2 16