92586 Housing Market
Median List Price
$468,000
Updated August 2026
Today, the 92586 ZIP code in Menifee, CA has 106 homes for sale at a median list price of $468,000, typically selling in about 51 days.
92586 Housing Market Overview
The median list price in the 92586 ZIP code is $468,000. That is about 26.5% below the Menifee median. Current inventory stands at 106 active listings. February to July saw the median price go from $412,500 to $400,000, down about 3.0%.
92586 Area Market Pulse
Topfind Market Read
The picture is mixed here. Supply sits at 3.2 months, roughly in step with demand, yet 41% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$468K
↓ 2% 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
3.2 months of supply
Balanced Supply106 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 ~51 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 32% 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 58% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92586 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 rise significantly with each additional bedroom.
Each additional bedroom adds about $123K in value on average.
Price Reductions
43 listings have reduced their price
41% of active listings
Average reduction: 3.7% (~$17K)
Browse 92586 Listings
Frequently Asked Questions about the 92586 Housing Market
What is the median home price in the 92586 ZIP code?
The median list price in the 92586 ZIP code is $468,000 as of August 2026, based on 106 active listings.
Is the 92586 ZIP code a buyer's market or a seller's market?
The 92586 ZIP code currently reads as a balanced market. Active inventory works out to about 3.2 months of supply at the recent sales pace.
How fast do homes sell in the 92586 ZIP code?
The average home currently for sale in the 92586 ZIP code has been on the market for 51 days.
Are home prices in the 92586 ZIP code going up or down?
The median sale price in the 92586 ZIP code is down about 1.8% compared with a year ago.
How many homes are for sale in the 92586 ZIP code?
There are 106 homes for sale in the 92586 ZIP code right now, including 10 listed within the last week.