Menifee Housing Market Report March 2025•Riverside County, California

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Housing Prices in Menifee, CA

How much do homes in Menifee, CA cost?

Housing Market Conditions

Is Menifee, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Menifee is a Seller's Market

Difference Since March 2024

Since last year, Menifee has remained a Seller's Market.

Insight

Menifee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$580,000$287/SqFt
+$30,000
+5.5%

Based on all homes sold in the last 12 months

Insight

Homes in Menifee have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Menifee was $580,000 in March 2025, up 5.5% from last year, and the median price per square foot was $287.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Canyon Lake
+5.8%
Menifee
+5.5%
Perris Valley
+4.5%
Quail Valley
+2.0%
Wildomar
+1.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$172.4K$222K
+28.7%
2$360K$389K
+8.1%
3$530K$546K
+3.0%
4$620.6K$645.7K
+4.0%
5$670K$710K
+6.0%

Summary: Menifee housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +28.7%. The home price for 2 bedroom homes increased by +8.1%. The home price for 3 bedroom homes increased by +3.0%. The home price for 4 bedroom homes increased by +4.0%. The home price for 5 bedroom homes increased by +6.0%.

How does Menifee, CA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Menifee, CA

Housing supply in Menifee, CA

How many homes are available in Menifee, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
643Last MonthMar 2025
5922 months agoFeb 2025
+8.6 %
Change MoMFeb – Mar

Summary: The Menifee real estate market had 643 homes for sale in Mar 2025, a 8.6 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
142Last MonthMar 2025
942 months agoFeb 2025
+51.1 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
133
0.0%
2170173
+1.8%
3187201
+7.5%
4156171
+9.6%
57695
+25.0%

Summary: Menifee housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +1.8%. The inventory for 3 bedroom homes increased by +7.5%. The inventory for 4 bedroom homes increased by +9.6%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Menifee, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price56 Homes

At Asking Price40 Homes

Under Asking Price46 Homes

Insight

If you're buying a home in Menifee, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Summary: A total of 142 homes were sold or pending in Menifee in March 2025, up by 51.1% month-over-month. Of the 142 sold homes, 32% were sold under asking, 28% were sold at asking, and and 39% were sold over asking.

Days on Market for Menifee, CA

How long does it take to sell a home in Menifee, CA?

Breakdown of Home Sale Times

Under 30 Days73 Homes

30 – 90 Days40 Homes

Over 90 Days29 Homes

Insight

Many homes in Menifee are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 142 homes were sold in Menifee; 51% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
50 DaysThis YearMar 2025
37 Days1 year agoMar 2024
+32.1 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Menifee had an average listing age of 50 days in Mar 2025, up by 32.1% compared to the previous year.

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Newest Listings in Menifee, CA

What homes are available in Menifee, CA?

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Nearby markets

Popular Cities with Homes for Sale in California

MLS Disclaimers and Copyright

Based on information from California Regional MLS, for the period 04/01/2023 - 04/01/2025

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.