$4,274 Closing Credit*
$359,900
1,155 SqFt
2 Beds
•2 Full Baths
Lisa McDaniel, Listing Office: Coldwell Banker Assoc Brkr-SC
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 November 2023
Since last year, Hemet-San Jacinto has remained a Seller's Market.
Key Takeaway
Hemet-San Jacinto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hemet-San Jacinto, CA
How much do homes in Hemet-San Jacinto, CA cost?
Median Sold Price
$458,730
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,730(+7.9%)
Key Takeaway
Homes in Hemet-San Jacinto have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Hemet-San Jacinto was $458,730 in November 2024, up 7.9% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $193K | +7.2% |
| 2 Bedrooms | $305K | $330K | +8.2% |
| 3 Bedrooms | $425K | $451.9K | +6.3% |
| 4 Bedrooms | $482.7K | $504.9K | +4.6% |
| 5+ Bedrooms | $516.4K | $560K | +8.4% |
Summary: Hemet-San Jacinto housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 8.4%.
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% |
| Beaumont | $500K | $530K | +6.0% |
| Perris Valley | $539.6K | $570.1K | +5.6% |
Housing Supply in Hemet-San Jacinto, CA
How many homes are available in Hemet-San Jacinto, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 658 | 621 | -5.6% |
Summary: The Hemet-San Jacinto real estate market had 621 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 | 160 | -4.8% |
| 3 Bedrooms | 248 | 240 | -3.2% |
| 4 Bedrooms | 169 | 155 | -8.3% |
| 5+ Bedrooms | 69 | 61 | -11.6% |
Summary: The Hemet-San Jacinto 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 4.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 11.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 121 | -11.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hemet-San Jacinto, expect to pay close to the asking price. 37.2% of homes here sold near the asking price last month.
Summary: A total of 121 homes were sold or pending in Hemet-San Jacinto in November 2024, down by 11.7% month-over-month. Of the 121 sold homes, 26% were sold under asking, 37% were sold at asking, and 37% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 39 Days | +34.4% |
Summary: Homes in Hemet-San Jacinto had an average of 39 days on market in Nov 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hemet-San Jacinto are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 121 homes were sold in Hemet-San Jacinto; 60% of homes were sold within 30 days, 34% 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.