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Featured local agent — Lake Elsinore, CA
Sarah Mitchell
Compass Real Estate · Lake Elsinore, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Elsinore, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$617,500median sale price
How is the Lake Elsinore, CA housing market right now?
The median home sale price in Lake Elsinore, CA is $617,500, down 0.4% year-over-year. Homes sell in an average of 54 days with 198 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Elsinore a buyer's or seller's market?
Lake Elsinore, CA is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
50
Last 12 weeks
Days on market
54
Average pace
Active listings
198
4.0 months supply
Sale-to-list
99.6%
Below asking
What does the Lake Elsinore housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $617,500 |
| Median list price | $615,000 |
| Year-over-year price change | -0.4% |
| Average days on market | 54 days |
| Active inventory | 198 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $291/sq ft |
| Homes sold (latest month) | 50 |
| New listings (latest month) | 78 |
| Listings with a price cut | 25.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lake Elsinore by property type?
How the Lake Elsinore, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $625,000 | $290/sq ft | 44 | 49 days |
| Condo / Co-op | $320,000 | $290/sq ft | 5 | 89 days |
| Townhouse | $425,000 | $278/sq ft | 1 | 210 days |
Source: Redfin · Updated monthly
The Lake Elsinore housing market is currently classified as a leaning buyer's with a median sale price of $617,500. Prices have fallen 0.4% compared to last year, with homes spending an average of 54 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake Elsinore
There are currently 198 homes listed for sale in Lake Elsinore, California. The median listing price is $615K.
Active listings
198
Homes on market
Median list price
$615K
Avg. days on market
54
Days until sale
New this week
78
Newly listed
Who lives in Lake Elsinore?
Population
71,516
Median income
$96,527/yr
Median age
33.4 years
Owner-occupied
71.6%
College grads
23.0%
Avg commute
42.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Elsinore?
Zillow home value
$586,488
Zillow rent index
$2,441/mo
Price-to-rent ratio
20.0x
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Lake Elsinore?
Lake Elsinore is a community of approximately 72K residents with a median age of 33.4 years.The median household income is $96,527, which reflects a relatively affluent area with strong earning potential. 23.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 42.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Elsinore offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Elsinore?
20 schools tracked · 15,709 students
The largest public schools serving Lake Elsinore, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Temescal Canyon High
Grades 9-12 · 2,248 students
Lakeside High
Grades 9-12 · 1,657 students
Terra Cotta Middle
Grades 6-8 · 1,064 students
Canyon Lake Middle
Grades 6-8 · 970 students
Elsinore Middle
Grades 6-8 · 937 students
Lakeland Village
Grades K-8 · 866 students
Earl Warren Elementary
Grades K-5 · 850 students
Railroad Canyon Elementary
Grades K-5 · 825 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Elsinore, CA?
Want a head-to-head view? Compare Lake Elsinore side-by-side with any other U.S. city using our market-comparison tool.
Is Lake Elsinore a good real estate investment market?
For investors evaluating Lake Elsinore, the price-to-rent ratio of 20.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lake Elsinore's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Elsinore's median home price.
Frequently asked questions
What is the average home price in Lake Elsinore?
The median home sale price in Lake Elsinore is $617,500, down 0.4% from last year.
How long do homes stay on market in Lake Elsinore?
Homes typically spend 54 days on market before going under contract.
What is the median income in Lake Elsinore?
The median household income is $96,527 per year.
Is Lake Elsinore a buyer's or seller's market?
With 4.0 months of supply, Lake Elsinore is currently a leaning buyer's.
What is the Zillow home value estimate for Lake Elsinore?
The Zillow Home Value Index (ZHVI) for Lake Elsinore is $586,488, representing the typical home value in the area.
What is the median condo price in Lake Elsinore?
The median condo/co-op sale price in Lake Elsinore, CA is $320,000, compared to $625,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Elsinore?
The median single-family home price in Lake Elsinore, CA is $625,000 (about $290 per square foot).
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