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.
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
| 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 |