Perris Market Report (SDMLS): March 2026 Shows Balanced Market with Rising Sales

Perris Market Report (SDMLS computed) — March 2026

In March 2026, the Perris real estate market exhibits a composite benchmark price of $550,000, reflecting a 3.8% decrease year-over-year. Total sales surged to 49, a notable 25.6% increase compared to March 2025, indicating a robust demand despite declining prices.

Market Analysis

The Perris real estate market is currently balanced, characterized by a significant increase in sales activity. With 49 homes sold in March 2026, the market has seen a 25.6% increase in sales compared to the same month last year, which recorded only 39 sales. This uptick in activity suggests that buyer interest remains strong, even as the composite benchmark price has decreased from $572,000 in March 2025 to the current $550,000. The increase in new listings, which totaled 66 this month, further supports the notion of a balanced market, providing buyers with more options while maintaining competitive pricing.

Property Type Analysis

When examining property types, detached homes dominate the market with a benchmark price of $580,987 and 39 sales recorded in March. In contrast, the attached/townhouse segment shows significantly lower activity, with only 2 sales and a benchmark price of $587,500. The absence of apartment sales this month highlights a potential gap in that segment, suggesting that buyers may be gravitating towards detached homes for their perceived value and space.

Regional Highlights

Regionally, Perris continues to attract buyers looking for affordable housing options in Southern California. The balanced market conditions, coupled with a year-over-year sales increase, indicate a healthy demand that may continue to draw interest from both first-time buyers and investors. The increase in new listings suggests that sellers are responding to market conditions, potentially leading to a more diverse inventory in the coming months.

For Buyers

For prospective buyers, the current market presents a favorable opportunity to explore various property types, particularly detached homes, which are seeing the highest sales volume. With prices slightly lower than last year, buyers can negotiate better terms and potentially secure a home that meets their needs without the pressure of escalating prices.

For Sellers

Sellers should consider the recent increase in new listings as an opportunity to price their homes competitively. While the market is balanced, pricing strategies should reflect current trends to attract buyers quickly. Highlighting unique features and ensuring homes are well-presented can help sellers stand out in a growing inventory.