Justin Tye

Lake Elsinore, CA

Single-Family Homes

Active Realty I REAL



Lake Elsinore, CA

Fri May 24 2024
This week the median list price for Lake Elsinore, CA is $626,950 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 134. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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

Fri May 24 2024
This week the median list price for Lake Elsinore, CA is $626,950 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 134. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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 $626,950
Median Price of New Listings $628,900
Per Square Foot $307
Average Days on Market 59
Median Days on Market 35
Price Decreased 31%
Price Increased 12%
Relisted 1%
Inventory 134
Median Rent
Market Action 54
Strong Seller's Market

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
$795,000 2,702 0.25 - 0.5 acre 4 3 25 6 2 35
$662,916 2,503 6,500 - 8,000 sqft 4 3 10 4 3 35
$599,999 1,938 6,500 - 8,000 sqft 3 2.5 15 4 4 28
$537,450 1,467 4,500 - 6,500 sqft 3 2 38 7 6 38