Is Perris Valley, 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 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
$550,012
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Perris Valley was $550,012 in April 2024, up 1.9% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $200K | -1.2% |
2 Bedrooms | $385K | $374.9K | -2.6% |
3 Bedrooms | $510K | $525K | +2.9% |
4 Bedrooms | $579.5K | $599.9K | +3.5% |
5+ Bedrooms | $630K | $651K | +3.3% |
Summary: Perris Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Quail Valley | $619K | $657.5K | +6.2% |
Perris | $503K | $530.2K | +5.4% |
Perris Valley | $539.9K | $550K | +1.9% |
Canyon Lake | $659.9K | $668K | +1.2% |
Menifee | $545K | $551.2K | +1.1% |
Housing Supply in Perris Valley, CA
How many homes are available in Perris Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,005 | 921 | -8.4% |
Summary: The Perris Valley real estate market had 921 homes for sale in April 2024, a 8.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 168 | 160 | -4.8% |
3 Bedrooms | 358 | 324 | -9.5% |
4 Bedrooms | 337 | 301 | -10.7% |
5+ Bedrooms | 137 | 133 | -2.9% |
Summary: The Perris Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
277 | 234 | -15.5% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
115 Homes Were Sold
Over Asking
Summary: A total of 234 homes were sold or pending in Perris Valley in April 2024, down by 15.5% month-over-month. Of the 234 sold homes, 29% were sold under asking, 21% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 34 Days | -23.9% |
Summary: Homes in Perris Valley had an average of 34 days on market in Apr 2024, down by 23.9% compared to last year.
Breakdown of Home Sale Times
147 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 234 homes were sold in Perris Valley; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.