Is Hemet-San Jacinto, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hemet-San Jacinto has remained a Seller's Market.
Housing Prices in Hemet-San Jacinto, CA
How much do homes in Hemet-San Jacinto, CA cost?
Median Sold Price
$431,764
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hemet-San Jacinto was $431,764 in March 2024, down 0.6% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175.1K | $160K | -8.6% |
2 Bedrooms | $315K | $317K | +0.6% |
3 Bedrooms | $430K | $430K | 0.0% |
4 Bedrooms | $489K | $495K | +1.2% |
5+ Bedrooms | $535K | $525.2K | -1.8% |
Summary: Hemet-San Jacinto housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Hemet | $415K | $425.3K | +2.5% |
Perris Valley | $540.1K | $550K | +1.8% |
Hemet-San Jacinto | $434.4K | $431.7K | -0.6% |
Beaumont | $515K | $510.2K | -0.9% |
San Jacinto | $460K | $455K | -1.1% |
Housing Supply in Hemet-San Jacinto, CA
How many homes are available in Hemet-San Jacinto, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
492 | 496 | +0.8% |
Summary: The Hemet-San Jacinto real estate market had 496 homes for sale in March 2024, a 0.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 148 | 150 | +1.4% |
3 Bedrooms | 185 | 179 | -3.2% |
4 Bedrooms | 119 | 119 | 0.0% |
5+ Bedrooms | 33 | 40 | +21.2% |
Summary: The Hemet-San Jacinto housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 133 | +12.7% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 133 homes were sold or pending in Hemet-San Jacinto in March 2024, up by 12.7% month-over-month. Of the 132 sold homes, 28% were sold under asking, 32% were sold at asking, and 40% were sold over asking.
Days on Market for Hemet-San Jacinto, CA
How long does it take to sell a home in Hemet-San Jacinto, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 37 Days | -19.3% |
Summary: Homes in Hemet-San Jacinto had an average of 37 days on market in Mar 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 133 homes were sold in Hemet-San Jacinto; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.