Cerritos Housing Market Report – July 2026
Here's a look at how the Cerritos, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 32
- Median Sale Price: $1,189,100
- Average Sale Price: $1,107,175
- Average Price Per Sq Ft: $605
- Average Days on Market: 58
- Sale-to-List Price Ratio: 100.6%
Month-Over-Month Trends
Compared to June, the median sale price in Cerritos moved 6.2% down (from $1,267,500 to $1,189,100). The number of homes sold was 60.0% up compared to the prior month (20 vs. 32). Average days on market shifted 31.8% up (44 days to 58 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 4.7% up (from $1,135,500 to $1,189,100). Sales volume is 23.1% up year-over-year.
What This Means
Cerritos is showing some mixed signals this July, with strong underlying demand masking what might otherwise look like a softening month. While sales jumped 60 percent month-over-month, this uptick is largely a data completeness issue rather than genuine market acceleration—the more reliable indicator is the median price dip of 6.2 percent to $1.19 million. That said, year-over-year the market remains solidly up 4.7 percent, suggesting the longer-term trajectory is still positive despite summer cooling.
The real story here is lengthening days on market. Homes are sitting for 58 days on average, up significantly from 44 days last month. This suggests buyer interest may be softening relative to inventory, which has grown to 56 active listings. However, the fact that homes are still selling above list price (100.6 percent ratio) indicates there's no panic—sellers just need more patience. The single-family market dominates the mix, and at $605 per square foot, pricing remains accessible by Orange County standards.
For buyers, this is shaping up as a less competitive environment than spring. For sellers, patience pays—inventory is manageable and buyers are still bidding up prices, just more slowly.
Cerritos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 90703 | 32 | $1,189,100 | $605 | 58 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 25 | $1,300,000 | $609 |
| CONDOS | 4 | $570,000 | $584 |
| CONDO | 2 | $570,000 | $668 |
| TOWNHOMES | 1 | $740,000 | $465 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 1 |
| $500K - $749K | 8 |
| $750K+ | 23 |
Current Active Listings
As of this report, there are 56 active listings in Cerritos with a median asking price of $1,199,949 and an average of 45 days on market.
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