Is Hemet-San Jacinto, 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, Hemet-San Jacinto has remained a Seller's Market.
Housing Prices in Hemet-San Jacinto, CA
How much do homes in Hemet-San Jacinto, CA cost?
Median Sold Price
$434,533
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hemet-San Jacinto was $434,533 in April 2024, up 0.9% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175.1K | $160K | -8.6% |
2 Bedrooms | $315K | $316.2K | 0.4% |
3 Bedrooms | $429.9K | $435K | +1.2% |
4 Bedrooms | $485K | $495.1K | +2.1% |
5+ Bedrooms | $530K | $522.5K | -1.4% |
Summary: Hemet-San Jacinto housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
Perris Valley | $539.9K | $550K | +1.9% |
Hemet | $419.1K | $425.7K | +1.6% |
Hemet-San Jacinto | $430.7K | $434.5K | +0.9% |
Beaumont | $511.3K | $512.4K | 0.2% |
San Jacinto | $459.6K | $458.8K | -0.2% |
Housing Supply in Hemet-San Jacinto, CA
How many homes are available in Hemet-San Jacinto, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
509 | 517 | +1.6% |
Summary: The Hemet-San Jacinto real estate market had 517 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 155 | 148 | -4.5% |
3 Bedrooms | 183 | 197 | +7.7% |
4 Bedrooms | 122 | 110 | -9.8% |
5+ Bedrooms | 41 | 54 | +31.7% |
Summary: The Hemet-San Jacinto 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 4.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 31.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 122 | -9.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Hemet-San Jacinto in April 2024, down by 9.6% month-over-month. Of the 122 sold homes, 26% were sold under asking, 21% were sold at asking, and 52% were sold over asking.
Days on Market for Hemet-San Jacinto, CA
How long does it take to sell a home in Hemet-San Jacinto, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 34 Days | -37.2% |
Summary: Homes in Hemet-San Jacinto had an average of 34 days on market in Apr 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 122 homes were sold in Hemet-San Jacinto; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.