Murrieta Real Estate Market Report
Executive Summary
The Murrieta, CA real estate market is currently classified as a balanced market. The median asking price is $649K, down 39.0% over the past 30 days.
There are currently 476 active listings, representing 4.3 months of inventory. 250 properties have sold in the past 90 days at a median sold price of $670K. Inventory has increased 48.8% compared to last month.
Currently, listings spend an average of 42 days on market and the average price per square foot is $349.
Detached properties make up the largest share of the Murrieta market at 79% of active listings with an average price of $1.1M. Condo listings follow at 18% (avg $556K).
Sales Activity & Absorption
Volume
Market Signals
111 properties sold in the past 30 days, 156 new listings appeared in the past month, 169 sellers reduced their asking price.
Market Balance
Months of Inventory
At 4.3 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| OUT OF AREA | 17 | $860K |
| La Cresta | 12 | $2.0M |
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 Murrieta market currently has 476 active listings with a median price of $649K and 4.3 months of inventory.
- Prices declining (-39% in 30 days)
- High price reduction rate (36% of listings)
- High sell-through rate (97%)
- Average price per square foot is $349
- Sold properties averaged 12 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of April 1, 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.