Perris Market Report (SDMLS computed) April 2026: Sales Surge Year-Over-Year Amidst Shifting Prices

Perris Market Report (SDMLS computed) — April 2026

The Perris housing market in April 2026 reports a composite benchmark price of $522,000, a decrease from March 2026's $579,284 and April 2025's $547,454. Total sales reached 62 units, a significant increase from the 29 sales recorded in April 2025, though slightly down from March 2026's 69 sales. The market remains characterized by seller conditions, as figures compiled from MLS data by this publication indicate.

Market Analysis

The Perris market in April 2026 demonstrates a dynamic environment, with the composite benchmark price settling at $522,000. This represents a notable decline from the prior month's benchmark of $579,284 and is also below the $547,454 recorded in April 2025. Despite the price adjustment, the market maintains a 'sellers' condition, suggesting continued demand relative to available inventory.

Total sales for April 2026 reached 62 units. This figure marks a substantial 113.8% increase compared to the 29 sales in April 2025, indicating robust year-over-year activity. However, sales experienced a slight dip from the 69 units transacted in March 2026. New listings totaled 89 for the month, contributing to the overall market supply.

The sales-to-new-listings ratio (SNLR) stands at 69.7%, indicating that a significant portion of new listings are absorbed by buyers. This strong SNLR, coupled with the declared 'sellers' market condition, suggests that while prices have adjusted, buyer interest remains high, and properties are moving efficiently through the market.

Property Type Analysis

A breakdown by property type reveals distinct trends within the Perris market. Detached homes recorded a benchmark price of $554,000 and accounted for the majority of transactions with 48 sales. This segment continues to drive the overall market activity and pricing.

In contrast, the attached/townhouse segment saw a benchmark price of $480,000 but only registered 1 sale during April 2026, indicating limited activity or availability in this category. The apartment segment reported no sales, with no benchmark price available, suggesting minimal or no market presence for apartments in this period.

Regional Highlights

The performance of the Perris market in April 2026 offers insights into broader regional dynamics. The significant year-over-year increase in total sales, from 29 to 62 units, suggests a regional trend of increasing transaction volumes compared to the previous year. This surge in activity, despite a price adjustment, points to underlying buyer confidence or shifting affordability thresholds in the wider area.

The declared 'sellers' market condition in Perris, supported by a strong SNLR of 69.7%, indicates that demand continues to outpace supply in this specific sub-market. This trend may reflect similar conditions in neighboring communities, where inventory levels and buyer competition remain key factors influencing market behavior.

For Buyers

Buyers in the Perris market should note the current 'sellers' market conditions and the strong sales-to-new-listings ratio. While the composite benchmark price has seen a recent adjustment, competition for well-priced properties is likely. Prospective buyers are advised to be prepared with pre-approvals and to act decisively when suitable homes become available, particularly for detached properties which dominate sales.

For Sellers

Sellers in Perris benefit from a market favoring their position, as evidenced by the 'sellers' market condition and high SNLR. Despite a recent dip in the composite benchmark price, the substantial year-over-year increase in sales volume suggests a healthy pool of motivated buyers. Sellers should price their homes competitively based on current market values, focusing on strategic presentation to attract offers and capitalize on the existing demand.