$4,447 Closing Credit*
$374,500
1,318 SqFt
3 Beds
•2 Full Baths
DANIEL REILLY, Listing Office: COURT REALTY
Is Hemet, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hemet has remained a Seller's Market.
Key Takeaway
Hemet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hemet, CA
How much do homes in Hemet, CA cost?
Median Sold Price
$450,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,290(+7.0%)
Key Takeaway
Homes in Hemet have sold for 7% more than they did a year ago.
Summary: The median home sold price in Hemet was $450,000 in November 2024, up 7% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $200K | +11.1% |
| 2 Bedrooms | $314.2K | $345K | +9.8% |
| 3 Bedrooms | $425.4K | $452.2K | +6.3% |
| 4 Bedrooms | $481.9K | $508.5K | +5.5% |
| 5+ Bedrooms | $525K | $555K | +5.7% |
Summary: Hemet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Hemet-San Jacinto | $425K | $458.7K | +7.9% |
| Hemet | $420.7K | $450K | +7.0% |
| San Jacinto | $450K | $478K | +6.2% |
| Perris Valley | $539.6K | $570.1K | +5.6% |
Housing Supply in Hemet, CA
How many homes are available in Hemet, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 556 | 525 | -5.6% |
Summary: The Hemet real estate market had 525 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 168 | 157 | -6.5% |
| 3 Bedrooms | 215 | 208 | -3.3% |
| 4 Bedrooms | 122 | 116 | -4.9% |
| 5+ Bedrooms | 47 | 39 | -17.0% |
Summary: The Hemet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 17%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 101 | -13.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hemet, expect to pay close to the asking price. 37.6% of homes here sold near the asking price last month.
Summary: A total of 101 homes were sold or pending in Hemet in November 2024, down by 13.7% month-over-month. Of the 101 sold homes, 27% were sold under asking, 38% were sold at asking, and 36% were sold over asking.
Days on Market for Hemet, CA
How long does it take to sell a home in Hemet, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 36 Days | +11.2% |
Summary: Homes in Hemet had an average of 36 days on market in Nov 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hemet are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 101 homes were sold in Hemet; 58% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 7% 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.