Menifee Real Estate Market Report
Executive Summary
The Menifee, CA real estate market is currently classified as a balanced market. The MLS composite benchmark price is $575K, up 3.8% year-over-year.
There are currently 637 active listings, representing 79.6 months of inventory. According to Menifee Market Report (SDMLS computed), there were 119 sales and 218 new listings in Invalid Date. Inventory has increased 50.2% compared to last month.
Currently, listings spend an average of 58 days on market and the average price per square foot is $312.
Board Data vs Our Listings
| Metric | Menifee Market Report (SDMLS computed) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $575K | $550K |
| Average Price | $575K | $513K |
| Active Listings | 637 | 637 |
| Detached Benchmark | $581K | $628K |
| Townhouse Benchmark | $350K | $503K |
| Apartment Benchmark | $421K | $503K |
Detached properties make up the largest share of the Menifee market at 93% of active listings with an average price of $628K. Condo listings follow at 7% (avg $503K).
Sales Activity & Absorption
Volume
Market Signals
Menifee Market Report (SDMLS computed) reported 119 sales this period, 213 new listings appeared in the past month, 86 sellers reduced their asking price.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
With 79.6 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| OUT OF AREA | 10 | $617K |
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
The market is relatively balanced between buyers and sellers. The Menifee market currently has 637 active listings with a median price of $550K and 79.6 months of inventory.
According to Menifee Market Report (SDMLS computed), the composite benchmark price is $575K (+3.8% year-over-year). There were 119 sales recorded
- High inventory (79.6 months) favors buyers
- Prices rising (16.6% in 30 days)
- High sell-through rate (100%)
- Slow-moving market (58 avg days on market)
- Average price per square foot is $312
- 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 Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of May 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.