Cerritos, CA Housing Market
Median List Price
$1,249,000
Updated August 2026
Today, Cerritos has 34 homes for sale at a median list price of $1,249,000, typically selling in about 29 days.
Cerritos Market Analysis
The median list price in Cerritos, CA is $1.2M. Current inventory stands at 34 active listings. 18 new listings came on the market in the last 30 days.
Expect a median around $649,000 for two bedroom homes and $1.5M at the five bedroom end. Single family homes lead the mix at 85.3%. February to July saw the median price go from $1.2M to $1.2M, up about 7.3%. On a per square foot basis, the median runs $645.
Homes here typically go under contract in about 11 days. That is a quick turnaround, so buyers who wait on a well priced home often miss it. The area falls within the 90703 ZIP code.
Cerritos Rental Market
The median asking rent in Cerritos, CA is $3,950. Current inventory stands at 13 active rental listings. February to July saw the median rent go from $4,650 to $4,750, up about 2.2%.
Cerritos Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.0 months of supply, and sale prices are up 8% over the last six months and 6% over the past year. At the same time, 32% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.25M
↑ 6% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.0 months of supply
Tight Supply34 active listings against the current sales pace works out to about 2.0 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~29 days.
Sales Velocity
How fast homes are selling
Homes are selling quickly, which gives sellers leverage, though prepared buyers can still compete. Homes are moving 27% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 56% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Cerritos
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
75%
Homeowners
25%
Renters
Homeownership is 19.5 points higher than the California average (55.5%)
15,763 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $293K in value on average.
Price Reductions
11 listings have reduced their price
32% of active listings
Average reduction: 4.3% (~$54K)
Browse Cerritos Listings
Frequently Asked Questions about the Cerritos, CA Housing Market
What is the median home price in Cerritos, CA?
The median list price in Cerritos is $1,249,000 as of August 2026, based on 34 active listings.
Is Cerritos a buyer's market or a seller's market?
Cerritos currently reads as a seller's market. Active inventory works out to about 2.0 months of supply at the recent sales pace.
How fast do homes sell in Cerritos?
Homes that closed in the last 90 days typically went under contract in about 11 days. The average home currently for sale has been on the market for 29 days.
Are home prices in Cerritos going up or down?
The median sale price in Cerritos is up about 6.3% compared with a year ago.
How many homes are for sale in Cerritos, CA?
There are 34 homes for sale in Cerritos right now, including 3 listed within the last week.
What is the median rent in Cerritos?
The median asking rent in Cerritos is $3,950 per month, across 13 active rental listings.