Is East Hemet, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Hemet has remained a Seller's Market.
Housing Prices in East Hemet, CA
How much do homes in East Hemet, CA cost?
Median Sold Price
$430,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Hemet was $430,000 in April 2024, up 1.2% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $200K | +5.3% |
2 Bedrooms | $365K | $380K | +4.1% |
3 Bedrooms | $425K | $431.2K | +1.5% |
4 Bedrooms | $449K | $468.8K | +4.4% |
5+ Bedrooms | $529.3K | $527.5K | -0.3% |
Summary: East Hemet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
East Hemet | $425K | $430K | +1.2% |
Valle Vista | $445K | $447.9K | +0.7% |
Housing Supply in East Hemet, CA
How many homes are available in East Hemet, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 53 | 0.0% |
Summary: The East Hemet real estate market had 53 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 28 | 27 | -3.6% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The East Hemet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in East Hemet in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% were sold over asking.
Days on Market for East Hemet, CA
How long does it take to sell a home in East Hemet, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 27 Days | -55.0% |
Summary: Homes in East Hemet had an average of 27 days on market in Apr 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in East Hemet; 79% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.