Is Perris, 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, Perris has remained a Seller's Market.
Housing Prices in Perris, CA
How much do homes in Perris, CA cost?
Median Sold Price
$535,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Perris was $535,000 in June 2024, up 6.4% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $405K | $399.5K | -1.4% |
3 Bedrooms | $472.5K | $499.4K | +5.7% |
4 Bedrooms | $535K | $562.5K | +5.1% |
5+ Bedrooms | $587.4K | $614.1K | +4.5% |
Summary: Perris housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Perris | $503K | $535K | +6.4% |
Moreno Valley | $510.1K | $540K | +5.9% |
Quail Valley | $636.2K | $664K | +4.4% |
Menifee | $539.9K | $562.3K | +4.1% |
Perris Valley | $536.4K | $557.2K | +3.9% |
Housing Supply in Perris, CA
How many homes are available in Perris, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
195 | 192 | -1.5% |
Summary: The Perris real estate market had 192 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 | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 76 | 80 | +5.3% |
4 Bedrooms | 76 | 72 | -5.3% |
5+ Bedrooms | 28 | 26 | -7.1% |
Summary: The Perris housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
50 | 36 | -28.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Perris in June 2024, down by 28.0% month-over-month. Of the 36 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for Perris, CA
How long does it take to sell a home in Perris, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 28 Days | +8.6% |
Summary: Homes in Perris had an average of 28 days on market in Jun 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 36 homes were sold in Perris; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.