Justin Tye

Cerritos, CA

Single-Family Homes

Active Realty I REAL



Cerritos, CA

Fri May 24 2024
This week the median list price for Cerritos, CA is $1,100,000 with the market action index hovering around 77. This is an increase over last month's market action index of 65. Inventory has decreased to 7. Click here to stay informed with the Cerritos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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

Fri May 24 2024
This week the median list price for Cerritos, CA is $1,100,000 with the market action index hovering around 77. This is an increase over last month's market action index of 65. Inventory has decreased to 7. Click here to stay informed with the Cerritos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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 $1,100,000
Median Price of New Listings $1,214,000
Per Square Foot $673
Average Days on Market 36
Median Days on Market 0
Price Decreased 29%
Price Increased 0%
Relisted 14%
Inventory 7
Median Rent
Market Action 77
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.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
$1,330,000 2,410 4,500 - 6,500 sqft 5 3 52 1 1 0
$1,239,000 2,258 4,500 - 6,500 sqft 4 2.5 56 1 1 3
$1,075,000 1,417 4,500 - 6,500 sqft 3 2 55 1 1 24
$973,900 1,415 4,500 - 6,500 sqft 3 2 54 1 1 98