July 2026 Cerritos Real Estate Market Report: Single-Family Median Reaches $1.32M
Welcome to your July 2026 real estate market update for Cerritos, California. As we move through mid-2026, the local market exhibits strong momentum in the single-family sector with rising median values and increased transaction volume.
The following market insights are based on official report data provided by the Pacific West Association of REALTORS®, designed to help buyers and sellers navigate Cerritos real estate with confidence.
| Metric | Single-Family Homes | YoY Change | Townhomes & Condos | YoY Change |
|---|---|---|---|---|
| Median Sales Price | $1,320,000 | + 6.8% | $575,000 | + 3.2% |
| New Listings | 28 | + 12.0% | 5 | + 25.0% |
| Closed Sales | 22 | + 10.0% | 5 | – 37.5% |
| Days on Market | 24 | – 14.3% | 58 | + 480.0% |
| Inventory of Homes | 37 | – 5.1% | 10 | – 16.7% |
Key Market Takeaways
Single-Family Homes
- Solid Appreciation: The median sales price grew 6.8% year-over-year to $1,320,000.
- Higher Sales Volume: Closed sales expanded 10.0% to 22 completed transactions.
- Faster Market Pace: Homes spent an average of 24 days on market before selling, 14.3% faster than last July.
Townhomes & Condos
- Price Gain: The median sales price rose 3.2% year-over-year to $575,000.
- Extended Market Time: Days on market stretched to 58 days, providing buyers more time to negotiate.
- Tight Inventory: Total available condo inventory stands at just 10 units, representing a 3.6-month supply.
What This Means For You (Bao’s Take)
For Sellers
Cerritos single-family homeowners remain in an advantageous position. With median prices at $1.32M and homes selling in just 24 days, well-prepared listings continue to capture top market value. Condo sellers should focus on strategic pricing and proper staging as market times have lengthened. Compare your home’s positioning with surrounding area listings.
For Buyers
Single-family buyers will face competition due to limited inventory (2.4 months supply), making pre-approval and decisive offer strategies crucial. In contrast, the condo market offers opportunities to negotiate pricing and terms given longer days on market. Strategic guidance ensures you navigate either scenario effectively.
