Menifee, CA Home Values & Market Trends
Real estate market trends reflect that there have been 1,778 transactions over the past year in Menifee. The median value for residential home transactions that occurred over the previous year is $565,632.17. The number of current listings in Menifee is 227, and the percentage of properties for sale in the city is 227.00%. Menifee, CA currently has 169 properties in foreclosure, 8 bank owned properties, 19 properties headed for auction, and 227 properties for sale.
Menifee, CA Real Estate Market Overview
Housing Market Summary for Menifee, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $516.5K | $551.3K | 6.74% |
Median Sold Price | $552.2K | $551.3K | -0.17% |
Homes For Sale | 236 | 224 | -5.08% |
Homes Sold | 1,389 | 1,285 | -7.49% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Menifee, CA
Browse Homes in Menifee, CA
Menifee home values range from $76,395 to $2,149,000. The median estimated value of a home in Menifee is $565,632.17. The median list price of a home is 524,900, and the total count of properties in the city is 37,736.
- Pre-ForeclosurePre-foreclosure homes account for 0.38% of all residential properties in Menifee, CA with 92584 containing 72 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Menifee, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,228,625 in 92584 to the lowest home value of $175,000 in 92586.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Menifee, CA ranges from the highest value of $399,750 in 92584 to the lowest value of $252,000 in 92587. Bank owned homes and properties account for 0.02% of properties in Menifee, CA. There are 4 zips within Menifee, CA; 92586 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions92584 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Menifee, CA. Auction homes and other auction properties account for 0.05% of all properties in Menifee, CA. There are 4 zips within Menifee, CA; of those zips, the median estimated home value for homes going to auction ranges from $664,750 in 92587 to the lowest value of $342,287 in 92587.
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Guide for Menifee, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.