Perris Market Report - February 2026: Balanced Market with Composite Benchmark Price at $555,000

Perris Market Report (SDMLS computed) — February 2026

In February 2026, the Perris real estate market shows a balanced condition with a composite benchmark price of $555,000, unchanged from January. Total sales decreased to 34 from 54 in the previous month, while new listings surged to 3,452.

Market Analysis

The Perris market is currently experiencing a balanced condition, indicating that supply and demand are relatively equal. The composite benchmark price remains steady at $555,000, reflecting stability in pricing amidst a significant influx of new listings. The total sales volume has decreased from 54 in January to 34 in February, suggesting a potential cooling in buyer activity or a temporary adjustment in the market dynamics as new inventory enters the market.

With 3,452 new listings this month, the market is seeing a robust supply, which may provide buyers with more options. However, the decrease in sales indicates that while buyers have choices, they may be exercising caution or waiting for more favorable conditions before making purchases. This trend could lead to a more competitive environment for sellers, as they may need to adjust their pricing strategies to attract buyers in a market with increasing inventory.

Property Type Analysis

In February, detached homes dominate the market with a benchmark price of $608,271 and 22 sales, indicating strong demand for single-family residences. Attached homes, including townhouses, have a lower benchmark price of $477,000 but saw only 5 sales, suggesting a more limited interest in this segment compared to detached properties. The absence of apartment sales this month further emphasizes the preference for detached homes in the current market environment.

Regional Highlights

Regionally, Perris continues to attract buyers looking for affordable housing options compared to neighboring areas. The influx of new listings suggests that sellers are responding to the demand for homes, which may help stabilize prices moving forward. As the market adjusts, it will be important to monitor how these trends affect overall buyer sentiment and sales activity in the coming months.

For Buyers

Buyers are encouraged to take advantage of the increased inventory in the Perris market. With 3,452 new listings, there are more options available, allowing buyers to compare properties and potentially negotiate better terms. It is advisable for buyers to remain informed about market trends and to act promptly on properties of interest, as balanced conditions can shift quickly.

For Sellers

Sellers should be mindful of the current market dynamics and the increase in new listings. To attract buyers, it is crucial to price homes competitively and ensure properties are in excellent condition. Working with a knowledgeable real estate agent can help sellers navigate the market effectively and develop strategies to stand out in a growing inventory landscape.