Market Activity

Menifee, CA

Single-Family Homes



Menifee, CA

Thu Feb 06 2025
This week the median list price for Menifee, CA is $662,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 142. Click here to stay informed with the Menifee market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Menifee, CA

Thu Feb 06 2025
This week the median list price for Menifee, CA is $662,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 142. Click here to stay informed with the Menifee market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Menifee market.
Median List Price $662,500
Median Price of New Listings $614,500
Per Square Foot $289
Average Days on Market 79
Median Days on Market 60
Price Decreased 35%
Price Increased 6%
Relisted 13%
Inventory 142
Median Rent
Market Action 38
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$821,366 3,020 6,500 - 8,000 sqft 4 3 7 7 6 56
$699,900 2,707 6,500 - 8,000 sqft 4 3 10 3 3 77
$615,000 2,105 6,500 - 8,000 sqft 3 2 15 7 6 38
$544,950 1,671 4,500 - 6,500 sqft 3 2 23 9 8 63