$4,869 Closing Credit*
$410,000
1,340 SqFt
3 Beds
•2 Full Baths
KATYA DE LA CRUZ, Listing Office: WESTCOE REALTORS INC
Is East Hemet, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Hemet was a Seller's Market.
Key Takeaway
East Hemet is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Hemet, CA
How much do homes in East Hemet, CA cost?
Median Sold Price
$448,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+6.7%)
Key Takeaway
Homes in East Hemet have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in East Hemet was $448,000 in October 2024, up 6.7% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $202.5K | +33.2% |
| 2 Bedrooms | $350K | $390K | +11.4% |
| 3 Bedrooms | $420K | $450K | +7.1% |
| 4 Bedrooms | $449K | $480K | +6.9% |
| 5+ Bedrooms | $542.5K | $629.5K | +16.0% |
Summary: East Hemet housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Neighborhoods
| East Hemet | $420K | $448K | +6.7% |
| Valle Vista | $440K | $460K | +4.5% |
Housing Supply in East Hemet, CA
How many homes are available in East Hemet, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 77 | +6.9% |
Summary: The East Hemet real estate market had 77 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 39 | 39 | 0.0% |
| 4 Bedrooms | 19 | 26 | +36.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The East Hemet housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Hemet, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in East Hemet in October 2024, down by 42.1% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for East Hemet, CA
How long does it take to sell a home in East Hemet, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +40.4% |
Summary: Homes in East Hemet had an average of 30 days on market in Oct 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Hemet are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in East Hemet; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.