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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cerritos is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Cerritos, CA cost?

Median Sold Price

$960,000

$570/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$60,001(+6.7%)

Key Takeaway

Homes in Cerritos have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $248K-
N/A
2 $478.5K$520K
+8.7%
3 $822.5K$921K
+12.0%
4 $950K$1.0M
+12.8%
5+ $1.0M$1.1M
+10.5%

Median Sold Price Compared To Nearby Cities

Norwalk
+11.2%
Lakewood
+8.0%
Cerritos
+6.7%
La Palma
+6.6%
Artesia
+6.0%

How many homes are available in Cerritos, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
5860+3.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 65
-16.7%
3 2120
-4.8%
4 2324
+4.3%
5+ 811
+37.5%

Number of Homes Sold

Oct 2022Nov 2022%
1125+127.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cerritos, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
12 Days30 Days+152.7%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Cerritos, CA

Cerritos, CA has 60 homes on the market. The inventory of homes for sale in Cerritos, CA between October 2022 and November 2022 increased by 3.4%. In November 2022, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $960,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 8.7%, 3 bedrooms properties became 12% more expensive, the cost of 4 bedrooms properties went up by 12.8%, prices of 5 bedrooms properties went up by 10.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 16.7%, 3 bedrooms homes became 4.8% less available, 4 bedrooms homes became 4.3% more available, 5 bedrooms homes inventory increased by 37.5%. Cerritos, CA housing market in November 2022 saw over 8 listings sold above listed price, more than 4 sold at listed price and over 13 sold below.

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