Is 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, Perris has remained a Seller's Market.
Housing Prices in Perris, CA
How much do homes in Perris, CA cost?
Median Sold Price
$530,200
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Perris was $530,200 in April 2024, up 5.4% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $404K | $390K | -3.5% |
3 Bedrooms | $475K | $490K | +3.2% |
4 Bedrooms | $530.4K | $560K | +5.6% |
5+ Bedrooms | $589.9K | $615.1K | +4.3% |
Summary: 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 decreased by 3.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Quail Valley | $619K | $657.5K | +6.2% |
Perris | $503K | $530.2K | +5.4% |
Moreno Valley | $515K | $533.5K | +3.6% |
Perris Valley | $539.9K | $550K | +1.9% |
Menifee | $545K | $551.2K | +1.1% |
Housing Supply in Perris, CA
How many homes are available in Perris, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
181 | 159 | -12.2% |
Summary: The Perris real estate market had 159 homes for sale in April 2024, a 12.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 69 | 67 | -2.9% |
4 Bedrooms | 64 | 55 | -14.1% |
5+ Bedrooms | 36 | 28 | -22.2% |
Summary: The 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 27.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 45 | -15.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Perris in April 2024, down by 15.1% month-over-month. Of the 45 sold homes, 33% were sold under asking, 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 47 Days | +23.7% |
Summary: Homes in Perris had an average of 47 days on market in Apr 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 45 homes were sold in Perris; 51% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.