$6,828 Closing Credit*
$575,000
1,353 SqFt
3 Beds
•2 Full Baths
Pedro Garcia, Listing Office: Revel Real Estate
Is Perris, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Perris has remained a Seller's Market.
Key Takeaway
Perris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perris, CA
How much do homes in Perris, CA cost?
Median Sold Price
$548,833
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,333(+7.7%)
Key Takeaway
Homes in Perris have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Perris was $548,833 in October 2024, up 7.7% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $404K | $425K | +5.2% |
| 3 Bedrooms | $470K | $504K | +7.2% |
| 4 Bedrooms | $550K | $580K | +5.5% |
| 5+ Bedrooms | $595K | $617K | +3.7% |
Summary: Perris housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Menifee | $535.1K | $580K | +8.4% |
| Perris | $509.5K | $548.8K | +7.7% |
| Perris Valley | $536.9K | $570K | +6.2% |
| Moreno Valley | $520K | $547.1K | +5.2% |
| Quail Valley | $650K | $655K | +0.8% |
Housing Supply in Perris, CA
How many homes are available in Perris, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 234 | 236 | +0.9% |
Summary: The Perris real estate market had 236 homes for sale in October 2024, a 0.9% 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 | 20 | 23 | +15.0% |
| 3 Bedrooms | 86 | 90 | +4.7% |
| 4 Bedrooms | 96 | 88 | -8.3% |
| 5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The Perris 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 increased by 15%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 56 | +19.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perris, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in Perris in October 2024, up by 19.1% month-over-month. Of the 56 sold homes, 18% were sold under asking, 32% were sold at asking, and 50% were sold over asking.
Days on Market for Perris, CA
How long does it take to sell a home in Perris, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 30 Days | +7.5% |
Summary: Homes in Perris had an average of 30 days on market in Oct 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perris are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 56 homes were sold in Perris; 68% of homes were sold within 30 days, 25% 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.