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

Housing Market Conditions



Gauge showing Perris is a seller's market


Difference Since May 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



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Perris have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Perris was $530,218 in May 2024, up 5.6% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
2 $407.5K$399.5K
3 $470.5K$490K
4 $535K$560K
5+ $587.4K$615.1K

Summary: Perris housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Quail Valley
Moreno Valley
Perris Valley

Housing Supply in Perris, CA

How many homes are available in Perris, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Perris real estate market had 184 homes for sale in May 2024, a 2.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
2 1115
3 7272
4 6871
5+ 2825

Summary: The Perris housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 10.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

24 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. 55.8% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in Perris in May 2024, down by 6.5% month-over-month. Of the 43 sold homes, 26% were sold under asking, 19% were sold at asking, and 56% 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

May 2023May 2024CHANGE
34 Days27 Days-20.4%

Summary: Homes in Perris had an average of 27 days on market in May 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 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 May 2024, 43 homes were sold in Perris; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 12 Days Ago

Newest Listings in Perris, CA

Nearby Markets to Perris, CA

What housing markets are near Perris, CA?