Hemet, CA Housing Market
Median List Price
$409,000
Updated August 2026
Today, Hemet has 419 homes for sale at a median list price of $409,000, typically selling in about 61 days.
Hemet Market Analysis
The median list price in Hemet, CA is $409,000. Current inventory stands at 419 active listings. 110 new listings came on the market in the last 30 days.
Expect a median around $119,750 for one bedroom homes and $585,000 at the five bedroom end. Single family homes lead the mix at 73.7%, with manufactured homes accounting for another 22.0%. February to July saw the median price go from $415,000 to $439,000, up about 5.8%. On a per square foot basis, the median runs $252.
Homes here typically go under contract in about 25 days. The area spans the 92545, 92544, and 92543 ZIP codes.
Hemet Rental Market
The median asking rent in Hemet, CA is $2,100. Current inventory stands at 42 active rental listings. February to July saw the median rent go from $2,295 to $1,700, down about 25.9%.
Hemet Market Pulse
Topfind Market Read
The picture is mixed here. Sales volume is up 19% versus six months ago, yet the typical home takes about 61 days to sell, and 44% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$409K
↑ 1% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
4.4 months of supply
Balanced Supply419 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~61 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 13% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 50% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Hemet
Homeownership is higher than average, and most households in this area own rather than rent.
63%
Homeowners
37%
Renters
Homeownership is 7.5 points higher than the California average (55.5%)
32,102 households (2023)
Affordability Snapshot
Typical home cost
$2,871/mo
Actual housing expense
Affordable budget (28%)
$1,251/mo
Based on median income
Median household income
$4,469/mo
Hemet
A typical home costs about 64% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$123K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $141K in value on average.
Largest increase: 1 → 2 bedrooms (+$175K)
Price Reductions
184 listings have reduced their price
44% of active listings
Average reduction: 5.8% (~$24K)
Browse Hemet Listings
Frequently Asked Questions about the Hemet, CA Housing Market
What is the median home price in Hemet, CA?
The median list price in Hemet is $409,000 as of August 2026, based on 419 active listings.
Is Hemet a buyer's market or a seller's market?
Hemet currently reads as a balanced market. Active inventory works out to about 4.4 months of supply at the recent sales pace.
How fast do homes sell in Hemet?
Homes that closed in the last 90 days typically went under contract in about 25 days. The average home currently for sale has been on the market for 61 days.
Are home prices in Hemet going up or down?
The median sale price in Hemet is up about 1.0% compared with a year ago.
How many homes are for sale in Hemet, CA?
There are 419 homes for sale in Hemet right now, including 28 listed within the last week.
What is the median rent in Hemet?
The median asking rent in Hemet is $2,100 per month, across 42 active rental listings.