Is Cerritos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cerritos has remained a Seller's Market.
Housing Prices in Cerritos, CA
How much do homes in Cerritos, CA cost?
Median Sold Price
$1,050,000
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Cerritos was $1,050,000 in June 2024, up 12.9% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $281K | -33.9% |
2 Bedrooms | $512K | $551K | +7.6% |
3 Bedrooms | $892.5K | $935K | +4.8% |
4 Bedrooms | $1.0M | $1.1M | +10.7% |
5+ Bedrooms | $1.2M | $1.3M | +8.3% |
Summary: Cerritos housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in Cerritos, CA
How many homes are available in Cerritos, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
64 | 64 | 0.0% |
Summary: The Cerritos real estate market had 64 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 25 | 20 | -20.0% |
4 Bedrooms | 22 | 31 | +40.9% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Cerritos housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Cerritos in June 2024, down by 4.5% month-over-month. Of the 21 sold homes, 19% were sold under asking, 14% were sold at asking, and 67% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 18 Days | -28.0% |
Summary: Homes in Cerritos had an average of 18 days on market in Jun 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 21 homes were sold in Cerritos; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.