Housing Market Report

Cerritos, CA 90703

Condos/Townhomes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Sat Aug 17 2019
This week the median list price for Cerritos, CA 90703 is $398,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 8. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Cerritos, CA 90703

Sat Aug 17 2019
This week the median list price for Cerritos, CA 90703 is $398,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 8. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $398,000
Per Square Foot $451
Days on Market 49
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Apartment Rent $2,600
Most Expensive $630,000
Least Expensive $340,000
Market Action Index
Strong Seller's Market
51

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$617,500 2,051 0.25 - 0.5 acre 4 3 17 0 0 115
$409,000 888 1 - 2.5 acres 2 1 49 1 0 7
$393,500 812 2.5 - 5 acres 2 0 46 0 1 59
$354,500 864 2.5 - 5 acres 2 1 47 0 1 14