Housing Market Report

Cerritos, CA 90703

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Cerritos, CA 90703

Fri Aug 23 2019
This week the median list price for Cerritos, CA 90703 is $779,900 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 41. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Cerritos, CA 90703

Fri Aug 23 2019
This week the median list price for Cerritos, CA 90703 is $779,900 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 41. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Cerritos market.
Median List Price $779,900
Per Square Foot $406
Days on Market 92
Price Decreased 44%
Price Increased 7%
Relisted 12%
Inventory 41
Median House Rent $3,395
Most Expensive $1,422,000
Least Expensive $449,900
Market Action Index
Strong Seller's Market
48

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,157,625 2,880 6,500 - 8,000 sqft 4 2 37 1 1 98
$834,000 2,235 4,500 - 6,500 sqft 4 2 49 3 2 54
$747,000 1,711 4,500 - 6,500 sqft 4 2 48 0 1 129
$689,900 1,534 4,500 - 6,500 sqft 3 1 51 3 3 88