Perris Housing Market Report – May 2026
Here's a look at how the Perris, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 59
- Median Sale Price: $562,029
- Average Sale Price: $549,917
- Average Price Per Sq Ft: $320
- Average Days on Market: 98
- Sale-to-List Price Ratio: 99.9%
Month-Over-Month Trends
Compared to April, the median sale price in Perris moved 7.1% up (from $525,000 to $562,029). The number of homes sold was 13.2% down compared to the prior month (68 vs. 59). Average days on market shifted 11.7% down (111 days to 98 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 3.1% up (from $545,000 to $562,029). Sales volume is 39.8% down year-over-year.
What This Means
Perris is showing some interesting contradictions this May. While the median home price jumped 7.1% month-over-month to $562,029, the sales volume dropped 13.2%, suggesting fewer homes are actually moving. This isn't necessarily bad news—it likely reflects normal spring market seasonality combined with some buyer hesitation. What's encouraging is that homes are selling closer to asking price (99.9% of list), and days on market dropped from 111 to 98, indicating homes are moving faster despite lower transaction volume.
The year-over-year comparison is more telling: median prices are up a modest 3.1%, but sales volume is down nearly 40%. However, given the data collection issues noted for prior months, that volume decline may be partly statistical rather than a true market shift. The real takeaway is that Perris remains a relatively balanced market around the $560k median, with most activity concentrated in single-family homes. The 400 active listings suggest reasonable inventory, though the 122 average days on market for new listings indicates homes aren't flying off shelves. For buyers, this may be a decent window to negotiate before summer competition heats up.
Perris Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92571 | 32 | $548,500 | $285 | 102 |
| 92570 | 27 | $580,990 | $364 | 93 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 44 | $569,906 | $321 |
| LAND | 7 | $590,000 | N/A |
| MOBILE | 6 | $201,250 | $263 |
| MULTI_FAMILY | 1 | $1,200,000 | $527 |
| OTHER | 1 | $120,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 4 |
| $200K - $299K | 4 |
| $300K - $399K | 3 |
| $400K - $499K | 8 |
| $500K - $749K | 34 |
| $750K+ | 6 |
Current Active Listings
As of this report, there are 400 active listings in Perris with a median asking price of $559,995 and an average of 122 days on market.
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