Cerritos Housing Market Report – May 2026
Here's a look at how the Cerritos, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 20
- Median Sale Price: $1,172,500
- Average Sale Price: $1,313,764
- Average Price Per Sq Ft: $902
- Average Days on Market: 48
- Sale-to-List Price Ratio: 157.4%
Month-Over-Month Trends
Compared to April, the median sale price in Cerritos moved 1.1% down (from $1,185,000 to $1,172,500). The number of homes sold was 25.9% down compared to the prior month (27 vs. 20). Average days on market shifted 0.0% down (48 days to 48 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 2.0% up (from $1,150,000 to $1,172,500). Sales volume is 4.8% down year-over-year.
What This Means
Cerritos is showing modest resilience despite some seasonal softening in May. While sales volume dipped 25.9% from April, this likely reflects normal spring-to-summer transition patterns rather than market weakness—fewer homes are typically listed in late spring as we move toward summer. More importantly, the median price held steady year-over-year, gaining 2.0% to $1,172,500, suggesting solid underlying demand and pricing power even as transaction activity lightens.
What's most telling is the sale-to-list ratio of 157.4%—homes are still selling well above asking, which indicates persistent buyer competition despite higher interest rates. Properties are moving in about six weeks, which is reasonable for this market. The pipeline looks healthier with 52 active listings available, giving buyers more choices than they had a month ago. However, that inventory is still relatively lean for a healthy market.
Sellers maintain leverage here, though the broader economic environment may weigh on momentum heading into summer. The market isn't booming, but it's not struggling either. For buyers, slightly more inventory could translate to better negotiating position over the next few weeks, while sellers still enjoy a favorable climate overall.
Cerritos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 90703 | 20 | $1,172,500 | $902 | 48 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 16 | $1,187,500 | $677 |
| CONDO | 2 | $490,000 | $546 |
| CONDOS | 1 | $5,000,000 | $5,531 |
| TOWNHOMES | 1 | $709,000 | $586 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 2 |
| $500K - $749K | 1 |
| $750K+ | 17 |
Current Active Listings
As of this report, there are 52 active listings in Cerritos with a median asking price of $1,250,000 and an average of 34 days on market.
Thinking About Selling Your Cerritos Home?
If you're a homeowner in Cerritos considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Cerritos and throughout Los Angeles County — get a no-obligation cash offer today.