Is Perris, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$530,218
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Perris was $530,218 in May 2024, up 5.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $407.5K | $399.5K | -2.0% |
3 Bedrooms | $470.5K | $490K | +4.1% |
4 Bedrooms | $535K | $560K | +4.7% |
5+ Bedrooms | $587.4K | $615.1K | +4.7% |
Summary: Perris housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Perris | $502.2K | $530.2K | +5.6% |
Quail Valley | $629.1K | $660K | +4.9% |
Moreno Valley | $514.8K | $535.2K | +4.0% |
Perris Valley | $536.7K | $554.7K | +3.4% |
Menifee | $539.9K | $557.5K | +3.3% |
Housing Supply in Perris, CA
How many homes are available in Perris, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
180 | 184 | +2.2% |
Summary: The Perris real estate market had 184 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 72 | 72 | 0.0% |
4 Bedrooms | 68 | 71 | +4.4% |
5+ Bedrooms | 28 | 25 | -10.7% |
Summary: The Perris housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 10.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 43 | -6.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Perris in May 2024, down by 6.5% month-over-month. Of the 43 sold homes, 26% were sold under asking, 19% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 27 Days | -20.4% |
Summary: Homes in Perris had an average of 27 days on market in May 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Perris; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.