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 May 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
$439,440
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hemet-San Jacinto was $439,440 in May 2024, up 2.2% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $170.5K | -5.3% |
2 Bedrooms | $310K | $319K | +2.9% |
3 Bedrooms | $425K | $439.9K | +3.5% |
4 Bedrooms | $485K | $497.8K | +2.6% |
5+ Bedrooms | $524.4K | $537.2K | +2.4% |
Summary: Hemet-San Jacinto housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Hemet | $416K | $430K | +3.4% |
Perris Valley | $536.7K | $554.7K | +3.4% |
Hemet-San Jacinto | $429.9K | $439.4K | +2.2% |
Beaumont | $509.6K | $514.9K | +1.1% |
San Jacinto | $459.1K | $460K | 0.2% |
Housing Supply in Hemet-San Jacinto, CA
How many homes are available in Hemet-San Jacinto, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
561 | 582 | +3.7% |
Summary: The Hemet-San Jacinto real estate market had 582 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 145 | 146 | +0.7% |
3 Bedrooms | 216 | 228 | +5.6% |
4 Bedrooms | 133 | 141 | +6.0% |
5+ Bedrooms | 60 | 58 | -3.3% |
Summary: The Hemet-San Jacinto housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 143 | +13.5% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Summary: A total of 143 homes were sold or pending in Hemet-San Jacinto in May 2024, up by 13.5% month-over-month. Of the 143 sold homes, 25% were sold under asking, 22% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 33 Days | -29.8% |
Summary: Homes in Hemet-San Jacinto had an average of 33 days on market in May 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
96 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 143 homes were sold in Hemet-San Jacinto; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.