Is Perris Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Perris Valley has remained a Seller's Market.
Housing Prices in Perris Valley, CA
How much do homes in Perris Valley, CA cost?
Median Sold Price
$550,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Perris Valley was $550,000 in March 2024, up 1.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249.4K | $174.9K | -29.8% |
2 Bedrooms | $389.7K | $370K | -5.1% |
3 Bedrooms | $512K | $520K | +1.6% |
4 Bedrooms | $580K | $599K | +3.3% |
5+ Bedrooms | $634.5K | $650K | +2.4% |
Summary: Perris Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Quail Valley | $625K | $653K | +4.5% |
Perris | $505.1K | $520K | +2.9% |
Perris Valley | $540.1K | $550K | +1.8% |
Menifee | $547.9K | $550K | 0.4% |
Canyon Lake | $665K | $660K | -0.8% |
Housing Supply in Perris Valley, CA
How many homes are available in Perris Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
919 | 959 | +4.4% |
Summary: The Perris Valley real estate market had 959 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 155 | 155 | 0.0% |
3 Bedrooms | 319 | 341 | +6.9% |
4 Bedrooms | 310 | 326 | +5.2% |
5+ Bedrooms | 130 | 132 | +1.5% |
Summary: The Perris Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 1.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
202 | 271 | +34.2% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
132 Homes Were Sold
Over Asking
Summary: A total of 271 homes were sold or pending in Perris Valley in March 2024, up by 34.2% month-over-month. Of the 271 sold homes, 28% were sold under asking, 23% were sold at asking, and 49% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 35 Days | -34.8% |
Summary: Homes in Perris Valley had an average of 35 days on market in Mar 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
176 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During March 2024, 271 homes were sold in Perris Valley; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.