Housing Market Report

Cerritos, CA 90703

Condos/Townhomes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Mon Jun 17 2019
This week the median list price for Cerritos, CA 90703 is $534,900 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has held steady at or around 7. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cerritos, CA 90703

Mon Jun 17 2019
This week the median list price for Cerritos, CA 90703 is $534,900 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has held steady at or around 7. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $534,900
Per Square Foot $362
Days on Market 58
Price Decreased 43%
Price Increased 0%
Relisted 29%
Inventory 7
Median Apartment Rent $2,600
Most Expensive $675,000
Least Expensive $384,900
Market Action Index
Strong Seller's Market
60

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$675,000 2,253 0 - 4,500 sqft 4 2 30 1 0 0
$603,999 1,708 0.25 - 0.5 acre 3 3 24 0 1 63
$469,900 1,261 4,500 - 6,500 sqft 3 1 45 0 0 105
$391,450 885 6,500 - 8,000 sqft 2 0 47 0 1 35