1 / 49
Price cut: $177,000 (5/8)
VIDEO TOUR
$1,048,000FOR SALE
3 beds · 2 baths · 1,870 sqft
Hill Realty Group
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103 homes in 92587
Homes for Sale in 92587
Menifee, CA
22835 Water View Drive, Canyon Lake, CA 92587
1 / 20
VIRTUAL TOUR
$649,900FOR SALE
4 beds · 3 baths · 2,928 sqft
Elevate Real Estate Agency
1 / 20
Price cut: $209,000 (6/11)
OPEN SUNDAY, 7PM - 11PM
$1,190,000FOR SALE
4 beds · 3 baths · 1,792 sqft
ehomes
1 / 47
Price cut: $100,000 (4/15)
VIRTUAL TOUR
$968,000FOR SALE
3 beds · 3 baths · 2,360 sqft
Coldwell Banker Realty
1 / 20
Price cut: $200,000 (8/24)
$1,995,000FOR SALE
3 beds · 3 baths · 1,853 sqft
Coldwell Banker Assoc.Brks-CL
1 / 20
Price cut: $60,000 (6/19)
VIRTUAL TOUR
$879,990FOR SALE
3 beds · 2 baths · 1,880 sqft
KELLER WILLIAMS REALTY
1 / 49
Price cut: $54,900 (6/30)
VIDEO TOUR
$585,000FOR SALE
3 beds · 3 baths · 1,804 sqft
Coldwell Banker Assoc.Brks-CL
1 / 20
Price cut: $100,000 (8/3)
VIDEO TOUR
$2,695,000FOR SALE
5 beds · 5 baths · 5,400 sqft
Coldwell Banker Assoc.Brks-CL
1 / 20
Price cut: $25,000 (8/12)
OPEN SUNDAY, 6PM - 9PM
$710,000FOR SALE
4 beds · 2 baths · 1,874 sqft
Coldwell Banker Realty
1 / 61
Price cut: $100,001 (4/22)
$649,999FOR SALE
4 beds · 3 baths · 2,233 sqft
Legacy Realty Inc.
1 / 43
Price cut: $100,000 (6/8)
$699,950FOR SALE
3 beds · 3 baths · 2,306 sqft
Realty Masters & Associates
1 / 30
Price cut: $9 (8/27)
OPEN SATURDAY, 6PM - 9PM
$2,699,990FOR SALE
6 beds · 5 baths · 4,600 sqft
Legacy Realty Inc.
1 / 20
3D TOUR
$1,399,000FOR SALE
5 beds · 3 baths · 3,279 sqft
Dream Home Estates, Inc.
1 / 20
Price cut: $50,900 (8/21)
$649,000FOR SALE
4 beds · 3 baths · 2,447 sqft
Realty Network
1 / 75
Price cut: $40,001 (5/27)
3D TOUR
$349,999FOR SALE
3 beds · 2 baths · 1,488 sqft
Coldwell Banker Assoc Brokers
1 / 20
Price cut: $49,999 (5/31)
3D TOUR
$670,000FOR SALE
3 beds · 2 baths · 1,500 sqft
Coldwell Banker Assoc Brkr-SC
About 92587 Real Estate
About Menifee: The 92587 ZIP code is in Menifee, CA. Menifee is a city in Riverside County, California, United States, and is part of the Inland Empire. Named after a local miner, Luther Menifee Wilson, it was settled in the 19th century, and incorporated as a city in 2008. As of the 2020 census, Menifee had a population of 102,527.
Today, the 92587 area has 103 homes for sale with a median listing price of $820K. The average price per square foot is $410.
92587 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 64 days to sell, and 55% of sellers have trimmed their asking price. At the same time, selling times have improved 27% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Buyer leverageBalancedSeller leverage
Median Home Price
$820K
↑ 10% over the past yearChart shows the median closed sale price by month
$847.9K$740.1K$635.4K$530.8K
Sep 25
Dec 25
Mar 26
Jun 26
Months of Supply
Estimated time to sell all listings at the current sales pace
5.2 months of supply
Balanced Supply103 active listings currently on the market.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
5.2
0369+
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 ~64 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 27% over the last six months.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
New
Active
Aging
Stale
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 92587 Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
HomeownersRenters
80%
Homeowners
20%
Renters
Homeownership is 24.5 points higher than the California average (55.5%)
Higher ownership rates often reflect more stable neighborhoods and longer-term residents.
35,034 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
1 Bed$330K
2 Bed$394K
3 Bed$802K
4 Bed$837K
5 Bed$1.3M
Each additional bedroom adds about $250K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$492K)
Price Reductions
57
57 listings have reduced their price
55% of active listings
Average reduction: 5.7% (~$46K)
A sizable share of sellers have trimmed their asking price. Those listings are the clearest place to negotiate.
Explore Nearby Cities
Browse homes for sale in cities near Menifee
Frequently Asked Questions about Homes for Sale in 92587, CA
How many homes are for sale in 92587, CA?
There are currently 103 homes for sale in 92587, ranging from $275,000 to $3,849,000. 5 of them hit the market within the last week.
What is the median home price in 92587?
The median list price in 92587 is $820,000. Price per square foot averages $410. Prices are up 10.3% compared to a year ago.
How fast do homes sell in 92587?
Homes in 92587 currently average 65 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
Looking for a home in 92587?
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