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.
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
| 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 |