$139,000
0.24 Acres
Land
Jonathan Minerick, Listing Office: Homecoin.com
Is Perris Valley, 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, Perris Valley has remained a Seller's Market.
Key Takeaway
Perris Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perris Valley, CA
How much do homes in Perris Valley, CA cost?
Median Sold Price
$570,107
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,481(+5.6%)
Key Takeaway
Homes in Perris Valley have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Perris Valley was $570,107 in November 2024, up 5.6% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.4K | $261.5K | +51.6% |
| 2 Bedrooms | $370K | $395.3K | +6.8% |
| 3 Bedrooms | $510K | $534.3K | +4.8% |
| 4 Bedrooms | $585K | $615K | +5.1% |
| 5+ Bedrooms | $635.5K | $674.9K | +6.2% |
Summary: Perris Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Menifee | $536.3K | $580K | +8.1% |
| Perris | $510K | $547.2K | +7.3% |
| Perris Valley | $539.6K | $570.1K | +5.6% |
| Quail Valley | $650K | $659.5K | +1.5% |
| Canyon Lake | $661.7K | $665K | 0.5% |
Housing Supply in Perris Valley, CA
How many homes are available in Perris Valley, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,158 | 1,085 | -6.3% |
Summary: The Perris Valley real estate market had 1,085 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 212 | 205 | -3.3% |
| 3 Bedrooms | 390 | 357 | -8.5% |
| 4 Bedrooms | 389 | 357 | -8.2% |
| 5+ Bedrooms | 160 | 160 | 0.0% |
Summary: The Perris Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 239 | 217 | -9.2% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perris Valley, you may be able to get a good deal. 35.9% of homes here sold below asking price last month.
Summary: A total of 217 homes were sold or pending in Perris Valley in November 2024, down by 9.2% month-over-month. Of the 217 sold homes, 36% were sold under asking, 29% were sold at asking, and 35% were sold over asking.
Days on Market for Perris Valley, CA
How long does it take to sell a home in Perris Valley, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +26.2% |
Summary: Homes in Perris Valley had an average of 38 days on market in Nov 2024, up by 26.2% compared to last year.
Breakdown of Home Sale Times
118 Homes Were Sold
Under 30 Days
77 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perris Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 217 homes were sold in Perris Valley; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% 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.