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

Housing Market Conditions



Gauge showing Hemet-San Jacinto is a seller's market


Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Hemet-San Jacinto, CA

How much do homes in Hemet-San Jacinto, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Hemet-San Jacinto have sold for 1% less than they did a year ago.

Summary: The median home sold price in Hemet-San Jacinto was $430,451 in February 2024, down 1% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $170.2K$180.5K
2 $320K$315K
3 $433.4K$430K
4 $490K$489.3K
5+ $535K$525K

Summary: Hemet-San Jacinto housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Perris Valley
Hemet-San Jacinto
San Jacinto

Housing Supply in Hemet-San Jacinto, CA

How many homes are available in Hemet-San Jacinto, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Hemet-San Jacinto real estate market had 485 homes for sale in February 2024, a 2.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 87
2 141147
3 181182
4 130117
5+ 3632

Summary: The Hemet-San Jacinto housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hemet-San Jacinto, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.

Summary: A total of 111 homes were sold or pending in Hemet-San Jacinto in February 2024, up by 2.8% month-over-month. Of the 111 sold homes, 30% were sold under asking, 29% were sold at asking, and 41% 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

Feb 2023Feb 2024CHANGE
59 Days42 Days-27.4%

Summary: Homes in Hemet-San Jacinto had an average of 42 days on market in Feb 2024, down by 27.4% compared to last year.

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 111 homes were sold in Hemet-San Jacinto; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in Hemet-San Jacinto, CA

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