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

Housing Market Conditions



Gauge showing Perris Valley is a seller's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Perris Valley, CA

How much do homes in Perris Valley, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Perris Valley have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Perris Valley was $539,849 in November 2023, down 1.3% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $240K$172.4K
2 $385K$370K
3 $515.7K$510K
4 $585K$585K
5+ $630K$635.7K

Summary: Perris Valley housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 28.1%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Cities

Quail Valley
Canyon Lake
Perris Valley

Housing Supply in Perris Valley, CA

How many homes are available in Perris Valley, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Perris Valley real estate market had 786 homes for sale in November 2023, a 7.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 72
2 138135
3 292260
4 281263
5+ 130126

Summary: The Perris Valley housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 71.4%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 3.1%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

62 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perris Valley, you may be able to get a good deal. 38.3% of homes here sold below asking price last month.

Summary: A total of 162 homes were sold or pending in Perris Valley in November 2023, down by 30.2% month-over-month. Of the 162 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.

Days on Market for Perris Valley, CA

How long does it take to sell a home in Perris Valley, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
36 Days31 Days-11.8%

Summary: Homes in Perris Valley had an average of 31 days on market in Nov 2023, down by 11.8% compared to last year.

Breakdown of Home Sale Times

101 Homes Were Sold
Under 30 Days

51 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 162 homes were sold in Perris Valley; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% 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 9 Days Ago

Newest Listings in Perris Valley, CA

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