#IV25040290, LAURA VAZQUEZ, Listing Office: KELLER WILLIAMS RIVERSIDE CENT
Hemet Housing Market Report January 2025•Riverside County, California
Housing Prices in Hemet, CA
How much do homes in Hemet, CA cost?
Housing Market Conditions
Is Hemet, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Hemet is a Seller's Market
Difference Since January 2024
Since last year, Hemet has remained a Seller's Market.
Hemet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Hemet have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Hemet was $450,988 in January 2025, up 6.1% from last year, and the median price per square foot was $264.
Median Sold Price By Cities
City | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
Hemet-San Jacinto | $430K | $460K | +7.0% |
Hemet | $425K | $450.9K | +6.1% |
San Jacinto | $452.9K | $480K | +6.0% |
Perris Valley | $544.6K | $574.6K | +5.5% |
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $181K | $191.5K | +5.8% |
22 Bedrooms | $329K | $348.9K | +6.1% |
33 Bedrooms | $429.8K | $453.2K | +5.4% |
44 Bedrooms | $486.4K | $509.9K | +4.8% |
55+ Bedrooms | $525.2K | $560K | +6.6% |
Summary: Hemet housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.8%. The home price for 2 bedroom homes increased by +6.1%. The home price for 3 bedroom homes increased by +5.4%. The home price for 4 bedroom homes increased by +4.8%. The home price for 5 bedroom homes increased by +6.6%.
Housing supply in Hemet, CA
How many homes are available in Hemet, CA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
505Last MonthJan 2025 | ||
4792 months agoDec 2024 | +5.4 % Change MoMDec – Jan |
Summary: The Hemet real estate market had 505 homes for sale in Jan 2025, a 5.4 % increase compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
88Last MonthJan 2025 | ||
952 months agoDec 2024 | -7.4 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 4 | 5 | +25.0% |
22 Bedrooms | 118 | 131 | +11.0% |
33 Bedrooms | 197 | 193 | -2.0% |
44 Bedrooms | 120 | 134 | +11.7% |
55+ Bedrooms | 40 | 42 | +5.0% |
Summary: Hemet housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes increased by +11.0%. The inventory for 3 bedroom homes decreased by -2.0%. The inventory for 4 bedroom homes increased by +11.7%. The inventory for 5 bedroom homes increased by +5.0%.
Asking Price vs. Sold Price
How much do homes in Hemet, CA cost?
Over Asking Price32 Homes
At Asking Price32 Homes
Under Asking Price24 Homes
If you're buying a home in Hemet, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 88 homes were sold or pending in Hemet in January 2025, down by 7.4% month-over-month. Of the 88 sold homes, 27% were sold under asking, 36% were sold at asking, and and 36% were sold over asking.
Days on Market for Hemet, CA
How long does it take to sell a home in Hemet, CA?
Breakdown of Home Sale Times
Under 30 Days45 Homes
30 – 90 Days34 Homes
Over 90 Days9 Homes
Many homes in Hemet are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 88 homes were sold in Hemet; 51% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
42 DaysThis YearJan 2025 | ||
42 Days1 year agoJan 2024 | -0.9 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Hemet had an average listing age of 42 days in Jan 2025, down by 0.9% compared to the previous year.
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Newest Listings in Hemet, CA
What homes are available in Hemet, CA?
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 02/01/2023 - 02/01/2025
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/24/2025, 8:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.