Is West Perris, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Perris has remained a Seller's Market.
Key Takeaway
West Perris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Perris, CA
How much do homes in West Perris, CA cost?
Median Sold Price
$452,500
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Perris have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in West Perris was $452,500 in April 2024, down 0.5% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $364K | $389K | +6.9% |
| 3 Bedrooms | $460K | $452.5K | -1.6% |
| 4 Bedrooms | $545.9K | $515K | -5.7% |
| 5+ Bedrooms | $570K | $636K | +11.6% |
Summary: West Perris housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Neighborhoods
| West Perris | $455K | $452.5K | -0.5% |
| Downtown Perris | $440K | $412.3K | -6.3% |
Housing Supply in West Perris, CA
How many homes are available in West Perris, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The West Perris real estate market had 8 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The West Perris housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Perris, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in West Perris in April 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Perris, CA
How long does it take to sell a home in West Perris, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 40 Days | +9.5% |
Summary: Homes in West Perris had an average of 40 days on market in Apr 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Perris are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in West Perris; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.