Market Activity

Lake Elsinore, CA

Single-Family Homes



Lake Elsinore, CA

Thu Feb 06 2025
This week the median list price for Lake Elsinore, CA is $639,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 205. Click here to stay informed with the Lake Elsinore market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lake Elsinore, CA

Thu Feb 06 2025
This week the median list price for Lake Elsinore, CA is $639,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 205. Click here to stay informed with the Lake Elsinore market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Lake Elsinore market.
Median List Price $639,000
Median Price of New Listings $600,000
Per Square Foot $299
Average Days on Market 85
Median Days on Market 63
Price Decreased 35%
Price Increased 9%
Relisted 10%
Inventory 205
Median Rent
Market Action 37
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
$749,000 2,749 6,500 - 8,000 sqft 4 3 18 5 2 77
$657,076 2,314 6,500 - 8,000 sqft 4 3 7 9 5 63
$603,999 1,951 6,500 - 8,000 sqft 4 2.5 14 6 6 63
$532,450 1,479 4,500 - 6,500 sqft 3 2 35 14 10 63