92586 Home Values & Market Trends

There are 90 homes currently listed for 92586. 92586 real estate market trends show that home prices range from $65,000 to $2,000,000, and the median sales price in the 92586 zip code is $395,816.86. The total number of properties sold within the past twelve months is 556. In 92586, 51 properties are in foreclosure, 4 are bank owned properties,and 6 are headed for auction.

Housing Market Summary for 92586

Mar 2023February 2024Change
Median Listing Price$385K$378.8K-1.62%
Median Sold Price$397.3K$378.8K-4.68%
Homes For Sale809012.50%
Homes Sold405398-1.73%
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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%.

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Browse Homes in 92586

The median list price of a home in Menifee, is $395,816.86. A total of 90 properties are for sale, and the percentage of properties for sale in the zip code is 90.00%. The total count of 92586 properties is 9,968.

Foreclosure
There is 1 cities within 92586; within this cities, the median estimated home value for homes in foreclosure ranges from $1,228,625 in menifee to the lowest value of $175,000 in menifee. Foreclosure homes account for 0.00% of properties in 92586 with menifee containing 173 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.41% of all residential properties in 92586 with menifee containing 145 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 92586; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,228,625 in menifee to the lowest home value of $175,000 in menifee.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 92586 ranges from the highest value of $572,000 in menifee to the lowest value of $328,250 in menifee. Bank owned homes and properties account for 0.04% of properties in 92586. There is 1 cities within 92586; menifee containing 9 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    menifee has 19 auction properties, the highest number of properties going to auction in a single city in the state of 92586. Auction homes and other auction properties account for 0.06% of all properties in 92586. There is 1 cities within 92586; of that cities, the median estimated home value for homes going to auction ranges from $894,000 in menifee to the lowest value of $342,287 in menifee.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.90% of residential properties in 92586 with menifee containing 223 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 92586; homes for sale in that cities, have a range of median values from $1,495,000 in menifee to the lowest value of $143,087 in menifee.
    Sold Homes
    The median value for recently sold homes ranges from $1,526,000 in menifee to the lowest price of $75,090 in menifee. There is 1 cities within 92586. menifee has 1224 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.85% of properties in 92586.

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      Guide for 92586

      RealtyTrac Market Report
      California
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
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      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
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      Anaheim Property Trends: Slow but Steady Uptick in Home Values – Mar 2024
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      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      See More Articles
      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California|posted 8 December 2023

      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 Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.

      Anaheim Property Trends: Slow but Steady Uptick in Home Values – Mar 2024
      California|posted 6 March 2024

      Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.