Justin Tye

Lake Elsinore, CA

Single-Family Homes

Active Realty I REAL



Lake Elsinore, CA

Thu Jun 20 2024
This week the median list price for Lake Elsinore, CA is $625,000 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has increased to 145. 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 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 Jun 20 2024
This week the median list price for Lake Elsinore, CA is $625,000 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has increased to 145. 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 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 $625,000
Median Price of New Listings $615,000
Per Square Foot $312
Average Days on Market 56
Median Days on Market 35
Price Decreased 34%
Price Increased 12%
Relisted 3%
Inventory 145
Median Rent
Market Action 53
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
$799,499 2,719 0.25 - 0.5 acre 4 3 23 9 4 31
$650,000 2,188 6,500 - 8,000 sqft 4 3 14 7 4 31
$599,999 2,000 6,500 - 8,000 sqft 4 2.5 11 5 5 42
$520,000 1,344 4,500 - 6,500 sqft 3 2 37 12 9 28