Hemet Housing Market Report – May 2026
Here's a look at how the Hemet, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 176
- Median Sale Price: $407,500
- Average Sale Price: $381,920
- Average Price Per Sq Ft: $231
- Average Days on Market: 96
- Sale-to-List Price Ratio: 99.1%
Month-Over-Month Trends
Compared to April, the median sale price in Hemet moved 6.4% up (from $383,000 to $407,500). The number of homes sold was 3.8% down compared to the prior month (183 vs. 176). Average days on market shifted 15.0% down (113 days to 96 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 0.7% up (from $404,750 to $407,500). Sales volume is 15.4% down year-over-year.
What This Means
Hemet's housing market is showing some positive momentum heading into summer, though the story is mixed. Median prices climbed 6.4% month-over-month to $407,500, which is encouraging, though year-over-year growth remains nearly flat at just 0.7%. The real win here is the acceleration in sales velocity. Homes are now spending 96 days on market versus 113 days last month—that's a meaningful 15% improvement that suggests buyer interest is picking up as we enter the warmer months. The sale-to-list ratio of 99.1% also indicates sellers aren't overpricing, which helps deals close smoothly.
The softer numbers are the 3.8% month-over-month drop in sales volume and the 15.4% year-over-year decline, though the latter may partly reflect data completeness improvements from earlier this year. What's worth watching is the gap between sold inventory and active listings. With 1,140 active listings on the market yet only 176 homes selling monthly, inventory remains abundant. This suggests Hemet remains a buyer-friendly market with negotiating power intact. The single-family heavy mix (124 of 176 sales) continues to dominate local activity, which aligns with the broader Inland Empire preference for detached homes.
Hemet Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92545 | 71 | $395,000 | $216 | 103 |
| 92543 | 58 | $342,500 | $222 | 87 |
| 92544 | 47 | $450,000 | $268 | 95 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 124 | $449,000 | $270 |
| MOBILE | 41 | $125,000 | $113 |
| LAND | 7 | $180,000 | N/A |
| CONDOS | 2 | $184,310 | $171 |
| MULTI_FAMILY | 2 | $726,500 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 21 |
| $100K - $199K | 17 |
| $200K - $299K | 18 |
| $300K - $399K | 25 |
| $400K - $499K | 53 |
| $500K - $749K | 36 |
| $750K+ | 6 |
Current Active Listings
As of this report, there are 1,140 active listings in Hemet with a median asking price of $230,000 and an average of 148 days on market.
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