Is Hemet, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hemet is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Hemet has remained a Seller's Market.

Key Takeaway

Hemet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hemet, CA cost?

Median Sold Price

$405,220

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$71,458(+21.4%)

Key Takeaway

Homes in Hemet have sold for 21.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $122.5K$150K
+22.4%
2 $266.4K$323.4K
+21.4%
3 $340K$420K
+23.5%
4 $395K$480K
+21.5%
5+ $436.5K$520K
+19.1%

Median Sold Price Compared To Nearby Cities

Hemet-San Jacinto
+24.4%
San Jacinto
+22.3%
Hemet
+21.4%
Perris Valley
+20.2%

How many homes are available in Hemet, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
359362+0.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 34
+33.3%
2 145146
+0.7%
3 107106
-0.9%
4 7980
+1.3%
5+ 2526
+4.0%

Number of Homes Sold

Jul 2022Aug 2022%
9087-3.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hemet, you could pay more than the asking price. 46% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
13 Days29 Days+118.4%

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hemet are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hemet, CA

Hemet, CA has 362 homes on the market. Between July 2022 and August 2022, Hemet, CA real estate market has seen increase in the number of listings by 0.8%. The median list price of listings available in August 2022 was $405,220, while the average time on the real estate market was 29 days. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 22.4%, 2 bedrooms properties prices increased by 21.4%, prices of 3 bedrooms properties increased by 23.5%, 4 bedrooms properties prices increased by 21.5%, prices of 5 bedrooms properties went up by 19.1%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 33.3%, the quantity of 2 bedrooms homes went up by 0.7%, number of 3 bedrooms homes decreased by 0.9%, the quantity of 4 bedrooms homes went up by 1.3%, number of 5 bedrooms homes increased by 4%. In August 2022, from all listings sold in Hemet, CA there were more than 40 sold above asking price, over 25 sold below and more than 22 were sold right at the asked price.

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