Menifee, CA Housing Market
Median List Price
$635,000
Updated August 2026
Today, Menifee has 365 homes for sale at a median list price of $635,000, typically selling in about 53 days.
Menifee Market Analysis
Menifee, CA currently shows a median list price of $635,000. There are 365 homes currently listed for sale in Menifee, CA. 125 new listings came on the market in the last 30 days.
Two bedroom homes are the most affordable tier at a median of $430,000, while six bedroom homes top the range at $869,900. The housing stock skews toward single family homes, at about 92.3% of active listings. The median price has been flat over the last six months, $580,000 in February and $585,000 in July. On a per square foot basis, the median runs $283.
Median time from listing to accepted offer is about 16 days. At that pace, well priced homes attract offers quickly, so buyers should be ready to move. Menifee, CA covers the 92584, 92586, 92585, and 92587 ZIP codes.
Menifee Rental Market
Menifee, CA currently shows a median asking rent of $3,199. There are 53 homes currently listed for rent in Menifee, CA. Over the last six months, the median rent has risen about 16.1%, from $2,800 in February to $3,250 in July.
Menifee Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.9 months of supply, yet 42% of sellers have trimmed their asking price, and the typical home takes about 53 days to sell, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$635K
↑ 0% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.9 months of supply
Tight Supply365 active listings against the current sales pace works out to about 2.9 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~53 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 28% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 54% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Menifee
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
80%
Homeowners
20%
Renters
Homeownership is 24.5 points higher than the California average (55.5%)
35,034 households (2023)
Affordability Snapshot
Typical home cost
$4,347/mo
Actual housing expense
Affordable budget (28%)
$2,081/mo
Based on median income
Median household income
$7,432/mo
Menifee
A typical home costs about 58% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$186K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $133K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 1 → 2 bedrooms (+$204K)
Price Reductions
154 listings have reduced their price
42% of active listings
Average reduction: 4.0% (~$25K)
Browse Menifee Listings
Frequently Asked Questions about the Menifee, CA Housing Market
What is the median home price in Menifee, CA?
The median list price in Menifee is $635,000 as of August 2026, based on 365 active listings.
Is Menifee a buyer's market or a seller's market?
Menifee currently reads as a balanced market. Active inventory works out to about 2.9 months of supply at the recent sales pace.
How fast do homes sell in Menifee?
Homes that closed in the last 90 days typically went under contract in about 16 days. The average home currently for sale has been on the market for 53 days.
Are home prices in Menifee going up or down?
The median sale price in Menifee is roughly flat compared with a year ago.
How many homes are for sale in Menifee, CA?
There are 365 homes for sale in Menifee right now, including 30 listed within the last week.
What is the median rent in Menifee?
The median asking rent in Menifee is $3,199 per month, across 53 active rental listings.