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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perris is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Perris, CA

How much do homes in Perris, CA cost?

Median Sold Price

$544,633

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$34,633(+6.8%)

Key Takeaway

Homes in Perris have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Perris was $544,633 in September 2024, up 6.8% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $405K$410K
+1.2%
3 $472.5K$500K
+5.8%
4 $545.9K$575K
+5.3%
5+ $594K$616K
+3.7%

Summary: Perris housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Menifee
+8.3%
Perris
+6.8%
Perris Valley
+6.5%
Moreno Valley
+5.8%
Quail Valley
+1.3%

Housing Supply in Perris, CA

How many homes are available in Perris, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2232240.4%

Summary: The Perris real estate market had 224 homes for sale in September 2024, a 0.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2120
-4.8%
3 8184
+3.7%
4 9089
-1.1%
5+ 3131
0.0%

Summary: The Perris housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4441-6.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perris, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in Perris in September 2024, down by 6.8% month-over-month. Of the 41 sold homes, 27% were sold under asking, 24% were sold at asking, and 49% 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

Sep 2023Sep 2024CHANGE
27 Days33 Days+24.3%

Summary: Homes in Perris had an average of 33 days on market in Sep 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 41 homes were sold in Perris; 54% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 10% 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 30 Days Ago

Newest Listings in Perris, CA

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