92585 Housing Market
Median List Price
$635,000
Updated August 2026
Today, the 92585 ZIP code in Menifee, CA has 79 homes for sale at a median list price of $635,000, typically selling in about 38 days.
92585 Housing Market Overview
Homes in the 92585 ZIP code carry a median list price of $635,000. That tracks closely with Menifee as a whole. The median price moved from $577,500 in February to $600,005 in July, a 3.9% increase over six months. Right now 79 homes are on the market in the 92585 ZIP code.
92585 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.7 months of supply, and selling times have improved 38% versus six months ago. At the same time, 35% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
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
2.7 months of supply
Tight Supply79 active listings against the current sales pace works out to about 2.7 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 ~38 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 38% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 59% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92585 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 increase with bedroom count, though premiums vary by size.
Each additional bedroom adds about $83K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$175K)
Price Reductions
28 listings have reduced their price
35% of active listings
Average reduction: 3.6% (~$23K)
Browse 92585 Listings
Frequently Asked Questions about the 92585 Housing Market
What is the median home price in the 92585 ZIP code?
The median list price in the 92585 ZIP code is $635,000 as of August 2026, based on 79 active listings.
Is the 92585 ZIP code a buyer's market or a seller's market?
The 92585 ZIP code currently reads as a balanced market. Active inventory works out to about 2.7 months of supply at the recent sales pace.
How fast do homes sell in the 92585 ZIP code?
The average home currently for sale in the 92585 ZIP code has been on the market for 38 days.
Are home prices in the 92585 ZIP code going up or down?
The median sale price in the 92585 ZIP code is roughly flat compared with a year ago.
How many homes are for sale in the 92585 ZIP code?
There are 79 homes for sale in the 92585 ZIP code right now, including 7 listed within the last week.