$10,000 Closing Credit*
$1,200,000
1,665 SqFt
4 Beds
•2 Full Baths
Sangbum Kim, Listing Office: Action Realty Task Holdings
Is Cerritos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,066,300
$622/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$93,800(+9.6%)
Key Takeaway
Homes in Cerritos have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Cerritos was $1,066,300 in October 2024, up 9.6% from last year, and the median price per square foot was $622.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $281K | -33.9% |
| 2 Bedrooms | $512K | $572.1K | +11.7% |
| 3 Bedrooms | $905K | $995K | +9.9% |
| 4 Bedrooms | $1.0M | $1.1M | +9.9% |
| 5+ Bedrooms | $1.2M | $1.3M | +4.3% |
Summary: Cerritos housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in Cerritos, CA
How many homes are available in Cerritos, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 63 | -11.3% |
Summary: The Cerritos real estate market had 63 homes for sale in October 2024, a 11.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 23 | 19 | -17.4% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Cerritos housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cerritos, you could pay more than the asking price. 73.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Cerritos in October 2024, down by 20.7% month-over-month. Of the 23 sold homes, 17% were sold under asking, 9% were sold at asking, and 74% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +19.3% |
Summary: Homes in Cerritos had an average of 13 days on market in Oct 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cerritos are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Cerritos; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.