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Featured local agent — Menifee, CA
Sarah Mitchell
Compass Real Estate · Menifee, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Menifee, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$575,000median sale price
How is the Menifee, CA housing market right now?
The median home sale price in Menifee, CA is $575,000, down 0.9% year-over-year. Homes sell in an average of 27 days with 368 active listings. The market is currently a seller's market. (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 Menifee a buyer's or seller's market?
Menifee, CA is currently a seller's market, based on 2.6 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
139
Last 12 weeks
Days on market
27
Average pace
Active listings
368
2.6 months supply
Sale-to-list
99.8%
Below asking
What does the Menifee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $575,000 |
| Median list price | $589,900 |
| Year-over-year price change | -0.9% |
| Average days on market | 27 days |
| Active inventory | 368 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $294/sq ft |
| Homes sold (latest month) | 139 |
| New listings (latest month) | 197 |
| Listings with a price cut | 29.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Menifee by property type?
How the Menifee, 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 | $575,000 | $294/sq ft | 133 | 26 days |
| Condo / Co-op | $293,750 | $230/sq ft | 6 | 70 days |
| Townhouse | $273,000 | $198/sq ft | 1 | 26 days |
Source: Redfin · Updated monthly
The Menifee housing market is currently classified as a seller's market with a median sale price of $575,000. Prices have fallen 0.9% compared to last year, with homes spending an average of 27 days on market, indicating 2.6 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 6.6x provides context for how home values compare to local earning capacity.
Homes for sale in Menifee
There are currently 368 homes listed for sale in Menifee, California. The median listing price is $590K.
Active listings
368
Homes on market
Median list price
$590K
Avg. days on market
27
Days until sale
New this week
197
Newly listed
Who lives in Menifee?
Population
107,020
Median income
$89,183/yr
Median age
38.2 years
Owner-occupied
80.3%
College grads
22.7%
Avg commute
41.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Menifee?
Zillow home value
$586,781
Zillow rent index
$2,824/mo
Price-to-rent ratio
17.3x
Price-to-income
6.6x
Source: Zillow Research
What is it like to live in Menifee?
Menifee is a community of approximately 107K residents with a median age of 38.2 years.The median household income is $89,183, which reflects a relatively affluent area with strong earning potential. 22.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 41.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Menifee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Menifee?
17 schools tracked · 13,852 students
The largest public schools serving Menifee, 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.
Paloma Valley High
Grades 9-12 · 2,593 students
Santa Rosa Academy
Grades K-12 · 1,636 students
Ethan A Chase Middle
Grades 6-8 · 1,359 students
Bell Mountain Middle
Grades 6-8 · 1,090 students
Menifee Valley Middle
Grades 6-8 · 919 students
Southshore Elementary
Grades K-5 · 881 students
Boulder Ridge Elementary
Grades K-5 · 873 students
Evans Ranch Elementary
Grades K-5 · 803 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 Menifee, CA?
Want a head-to-head view? Compare Menifee side-by-side with any other U.S. city using our market-comparison tool.
Is Menifee a good real estate investment market?
For investors evaluating Menifee, the price-to-rent ratio of 17.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.9% 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 Menifee's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Menifee's median home price.
Frequently asked questions
What is the average home price in Menifee?
The median home sale price in Menifee is $575,000, down 0.9% from last year.
How long do homes stay on market in Menifee?
Homes typically spend 27 days on market before going under contract.
What is the median income in Menifee?
The median household income is $89,183 per year.
Is Menifee a buyer's or seller's market?
With 2.6 months of supply, Menifee is currently a seller's market.
What is the Zillow home value estimate for Menifee?
The Zillow Home Value Index (ZHVI) for Menifee is $586,781, representing the typical home value in the area.
What is the median condo price in Menifee?
The median condo/co-op sale price in Menifee, CA is $293,750, compared to $575,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Menifee?
The median single-family home price in Menifee, CA is $575,000 (about $294 per square foot).
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