Justin Tye

Menifee, CA

Single-Family Homes

Active Realty I REAL



Menifee, CA

Thu Jun 20 2024
This week the median list price for Menifee, CA is $647,000 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has increased to 130. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Menifee, CA

Thu Jun 20 2024
This week the median list price for Menifee, CA is $647,000 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has increased to 130. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Menifee market.
Median List Price $647,000
Median Price of New Listings $634,900
Per Square Foot $295
Average Days on Market 49
Median Days on Market 28
Price Decreased 43%
Price Increased 2%
Relisted 9%
Inventory 130
Median Rent
Market Action 52
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
$833,239 3,104 8,000 - 10,000 sqft 4 3 7 5 4 21
$699,000 2,653 6,500 - 8,000 sqft 4 3 7 4 8 35
$624,999 2,053 6,500 - 8,000 sqft 3 2.5 14 6 10 21
$549,900 1,606 4,500 - 6,500 sqft 3 2 23 6 5 42