Is Cerritos, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Cerritos is a seller's market


Difference Since February 2023

Since last year, Cerritos has remained a Seller's Market.

Key Takeaway

Cerritos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cerritos, CA

How much do homes in Cerritos, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Cerritos have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Cerritos was $995,000 in February 2024, up 3.1% from last year, and the median price per square foot was $579.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$353K
2 $515K$540K
3 $920K$910K
4 $1.0M$1.0M
5+ $1.2M$1.1M

Summary: Cerritos housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

La Palma

Housing Supply in Cerritos, CA

How many homes are available in Cerritos, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Cerritos real estate market had 29 homes for sale in February 2024, a 17.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
2 44
3 119
4 1511
5+ 44

Summary: The Cerritos housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cerritos, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Cerritos in February 2024, down by 40.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for Cerritos, CA

How long does it take to sell a home in Cerritos, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
33 Days44 Days+35.7%

Summary: Homes in Cerritos had an average of 44 days on market in Feb 2024, up by 35.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cerritos are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 9 homes were sold in Cerritos; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Cerritos, CA

Nearby Markets to Cerritos, CA

What housing markets are near Cerritos, CA?