Menifee Real Estate Market Report
Executive Summary
Carlos EscabaLocal expert · MenifeeThe Menifee, CA real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $605K, up 4.4% year-over-year.
There are currently 585 active listings. According to Menifee Market Report (SDMLS computed), there were 28 sales and 273 new listings in April 2026. Inventory has increased 42.3% compared to last month.
Currently, listings spend an average of 72 days on market and the average price per square foot is $311.
Board Data vs Our Listings
| Metric | Menifee Market Report (SDMLS computed) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $605K | $549K |
| Average Price | $605K | $540K |
| Active Listings | 585 | 585 |
| Detached Benchmark | $605K | $633K |
| Townhouse Benchmark | $603K | $507K |
| Apartment Benchmark | $500K | $511K |
Detached properties make up the largest share of the Menifee market at 91% of active listings with an average price of $633K. Condo listings follow at 8% (avg $511K).
Sales Activity & Absorption
Volume
Market Signals
Menifee Market Report (SDMLS computed) reported 28 sales this period, 174 new listings appeared in the past month, 71 sellers reduced their asking price.
Market Balance
New listings outpace demand — buyers have more options.
Neighborhoods
| Area | Listings | Avg Price | Sold (12 mo) |
|---|---|---|---|
| OUT OF AREA | 11 | $665K | 23 |
Sold figures computed from SDMLS records for the last 12 months, updated continuously from our MLS data feed.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Menifee market currently has 585 active listings with a median price of $549K.
According to Menifee Market Report (SDMLS computed), the composite benchmark price is $605K (+4.4% year-over-year). There were 28 sales recorded
- Low sell-through rate (10%)
- Slow-moving market (72 avg days on market)
- Average price per square foot is $311
- Sold properties averaged 37 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily, with board statistics from Menifee Market Report (SDMLS computed). Prepared by Carlos Escaba with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of June 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.