92584 Housing Market
Median List Price
$675,000
Updated August 2026
Today, the 92584 ZIP code in Menifee, CA has 200 homes for sale at a median list price of $675,000, typically selling in about 57 days.
92584 Housing Market Overview
The 92584 ZIP code currently shows a median list price of $675,000. That runs roughly 6.0% higher than Menifee as a whole. There are 200 homes currently listed for sale in the 92584 ZIP code. Over the last six months, the median price has risen about 1.1%, from $618,000 in February to $624,500 in July.
92584 Area Market Pulse
Topfind Market Read
The picture is mixed here. Supply sits at 3.3 months, roughly in step with demand, yet 45% of sellers have trimmed their asking price, and the typical home takes about 57 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
$675K
↑ 1% 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
3.3 months of supply
Balanced Supply200 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~57 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 16% 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 53% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92584 Area
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)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $64K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$111K)
Price Reductions
89 listings have reduced their price
45% of active listings
Average reduction: 4.1% (~$28K)
Browse 92584 Listings
Frequently Asked Questions about the 92584 Housing Market
What is the median home price in the 92584 ZIP code?
The median list price in the 92584 ZIP code is $675,000 as of August 2026, based on 200 active listings.
Is the 92584 ZIP code a buyer's market or a seller's market?
The 92584 ZIP code currently reads as a balanced market. Active inventory works out to about 3.3 months of supply at the recent sales pace.
How fast do homes sell in the 92584 ZIP code?
The average home currently for sale in the 92584 ZIP code has been on the market for 57 days.
Are home prices in the 92584 ZIP code going up or down?
The median sale price in the 92584 ZIP code is roughly flat compared with a year ago.
How many homes are for sale in the 92584 ZIP code?
There are 200 homes for sale in the 92584 ZIP code right now, including 24 listed within the last week.