
Menifee
Housing Market Report
Current CRMLS inventory, recent sales, pricing signals, market speed, and buyer/seller context for all of Menifee.
What the market is saying right now.
Inventory and recent sales currently point to a more balanced citywide market.
Menifee currently has 616 active listings, 141 pending listings, and 519 closed sales over the prior 90 days.
Inventory & Demand
Menifee currently has 616 active and 141 pending listings. CRMLS reports 519 closed sales over the prior 90 days.
Pricing
The 90-day median closed price is $515,701. Median sold price per square foot is approximately $273.
Price Reductions
44.8% of active records in the returned market set show a current list price below the original list price.
Market Speed
Median active days on market is 24; recent closed listings show a median of 27 days.
30-Day Trend
CRMLS reports 154 closings in the latest 30-day period versus 162 in the preceding 30 days. Median closed-price movement between those periods is 3.6%.
Citywide data is the starting point.
Neighborhood, price range, property type, condition, lot, upgrades, HOA structure, and micro-location can create a very different competitive environment inside the same city.
Use the market to improve your position.
Menifee offers buyers a mix of newer construction, family-oriented master plans, active-adult communities, and established housing. Buyers should compare builder incentives, HOA and special-tax structures, resale inventory, commute, and neighborhood amenities.
Price against what buyers can choose today.
Menifee sellers compete with both resale homes and, in some areas, new construction. Pricing should account for builder incentives, upgrades, lot premiums, HOA and special taxes, age, condition, and current resale supply.
Transparent market data.
Current active and pending CRMLS listings plus closed residential listing records for the stated city. Price, days-on-market, price-reduction and sale-to-original-list metrics are calculated from records returned by Trestle; approximate months of supply divides current active inventory by the average monthly closed-sale count over the prior 90 days.
Source: CRMLS via Trestle. Market statistics are informational and are not an appraisal or a guarantee of a property's value.
See what this market means for your next move.
Search current Menifee inventory or request a property-specific CMA based on local competition and recent comparable sales.