Hemet Real Estate Market Report
Executive Summary
Carlos EscabaLocal expert · HemetThe Hemet, CA real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $445K, up 5.9% year-over-year.
There are currently 792 active listings, representing 792 months of inventory. According to Hemet Market Report (SDMLS computed), there were 18 sales and 226 new listings in April 2026. Inventory has increased 30.3% compared to last month.
Currently, listings spend an average of 81 days on market and the average price per square foot is $256.
Board Data vs Our Listings
| Metric | Hemet Market Report (SDMLS computed) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $445K | $280K |
| Average Price | $445K | $353K |
| Active Listings | 792 | 792 |
| Detached Benchmark | $450K | $508K |
| Townhouse Benchmark | $185K | $290K |
Detached properties make up the largest share of the Hemet market at 87% of active listings with an average price of $508K. Condo listings follow at 12% (avg $320K).
Sales Activity & Absorption
Volume
Market Signals
Hemet Market Report (SDMLS computed) reported 18 sales this period, 184 new listings appeared in the past month, 96 sellers reduced their asking price.
Market Balance
Months of Inventory
New listings outpace demand — buyers have more options.
With 792 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price | Sold (12 mo) |
|---|---|---|---|
| OUT OF AREA | 9 | $317K | 7 |
| Unknown (999) | 5 | $148K | 3 |
Sold figures computed from SDMLS records for the last 12 months, updated continuously from our MLS data feed.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Hemet market currently has 792 active listings with a median price of $280K and 792 months of inventory.
According to Hemet Market Report (SDMLS computed), the composite benchmark price is $445K (+5.9% year-over-year). There were 18 sales recorded
- High inventory (792 months) favors buyers
- Prices declining (-19.6% in 30 days)
- High sell-through rate (100%)
- Slow-moving market (81 avg days on market)
- Average price per square foot is $256
- Sold properties averaged 30 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily, with board statistics from Hemet Market Report (SDMLS computed). Prepared by Carlos Escaba with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of June 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.