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 June 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
$443,041
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Hemet-San Jacinto was $443,041 in June 2024, up 4.1% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186.5K | $170.5K | -8.6% |
2 Bedrooms | $309.4K | $315K | +1.8% |
3 Bedrooms | $422.3K | $445K | +5.4% |
4 Bedrooms | $484K | $500K | +3.3% |
5+ Bedrooms | $524.4K | $540K | +3.0% |
Summary: Hemet-San Jacinto housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
San Jacinto | $450K | $469.4K | +4.3% |
Hemet-San Jacinto | $425.6K | $443K | +4.1% |
Perris Valley | $536.4K | $557.2K | +3.9% |
Beaumont | $500.6K | $520K | +3.9% |
Hemet | $417.5K | $431.4K | +3.3% |
Housing Supply in Hemet-San Jacinto, CA
How many homes are available in Hemet-San Jacinto, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
601 | 592 | -1.5% |
Summary: The Hemet-San Jacinto real estate market had 592 homes for sale in June 2024, a 1.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 147 | 161 | +9.5% |
3 Bedrooms | 231 | 226 | -2.2% |
4 Bedrooms | 152 | 148 | -2.6% |
5+ Bedrooms | 63 | 51 | -19.0% |
Summary: The Hemet-San Jacinto housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
150 | 127 | -15.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Summary: A total of 127 homes were sold or pending in Hemet-San Jacinto in June 2024, down by 15.3% month-over-month. Of the 127 sold homes, 25% were sold under asking, 24% were sold at asking, and 50% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
30 Days | 32 Days | +5.5% |
Summary: Homes in Hemet-San Jacinto had an average of 32 days on market in Jun 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During June 2024, 127 homes were sold in Hemet-San Jacinto; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.