Once known as "Dairy Valley," the community now known as Cerritos is considered one of the Gateway Cities in southeast Los Angeles County. Home to over 55,000 happy residents, Cerritos has a lot to offer its populace; from affordable homes and an excellent school district, to access to all the great amenities that only Southern California is known for, it's easy to see why resident take such great pride in their city.
You've probably heard the Cerritos Auto Square jingle on TV and the radio ("Take 605 to South Street, Cerritos Auto Square!"), but Cerritos is much more than the famed auto center. For one, the real estate market is highly affordable and diverse, with single-family homes, townhomes, condos, and estates anchoring the local housing market. Families are attracted by the high standards of the ABC Unified School District (one of the city's top employers), as well as the Bellflower Unified School District. Furthermore, Cerritos is centrally located to a number of highly acclaimed colleges and universities in both Los Angeles and Orange counties.
Cerritos is also the home of the Cerritos Olympic Swim & Fitness Center, which served as the swimming facility for athletes that were competing in the 1984 Summer Olympics held in Los Angeles. A number of community and neighborhood parks can also be found throughout the city, offering residents plenty of reasons to spend the day outdoors. Come see what this community has to offerócome home to Cerritos, CA today!
Cerritos Real Estate Market: Price Range of Cerritos Houses for Sale
Real estate prices in Cerritos range from $220,000 to over $1 million for luxury estates. If you're looking to purchase a starter home in Cerritos, expect prices to start from $450,000 for a 3 bedroom/2 bathroom home built in 1992, to as much as $1.4 million for a Spanish-style 5 bedroom/5 bathroom home with an attached garage and granite counters. Condominiums in Cerritos, as well as townhomes, can be found starting from $275,000 to $700,000.
Cerritos Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $645,770 compared to $651,960 the previous week, for a slight decrease of less than -1%. For Tuesday, August 23rd, the current national mortgage rate for a 30 year fixed mortgage is 3.37%; the 15 year fixed rate is at 2.66%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 3.82%, while the 15 year jumbo rate currently is at 3.38%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Cerritos CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Cerritos to help you find the best home!