52 homes in zoned to Machado Elementary
Homes Zoned to Machado Elementary
Lake Elsinore, CA
About Homes Zoned to Machado Elementary
About Lake Elsinore: Machado Elementary is located in Lake Elsinore. Lake Elsinore is a city in western Riverside County, California, United States. Established as a city in 1888, it is on the shore of Lake Elsinore, a natural freshwater lake about 3,000 acres (1,200 ha) in size. The city has grown from a small resort town in the late 19th and early 20th centuries to a suburban city with a population of 70,265 as of the 2020 census.
These are homes for sale inside the attendance boundary for Machado Elementary in Lake Elsinore (Topfind School Score: 2/10). Every home here is actually assigned to this school per the official attendance zone, not just nearby. This zone has 91 active listings.
Machado Elementary Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 8.3 months of supply is more than current demand absorbs, and sale prices have eased 10% over the last six months and are 9% below a year ago. At the same time, sales volume is up 21% versus six months ago, and homes sell in about 40 days, 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.
Median Home Price
$625K
↓ 9% 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
8.3 months of supply
Ample Supply91 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~40 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 57% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Machado Elementary Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
72%
Homeowners
28%
Renters
Homeownership is 16.5 points higher than the California average (55.5%)
20,416 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $133K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$230K)
Price Reductions
36 listings have reduced their price
40% of active listings
Average reduction: 5.7% (~$36K)
Machado Elementary Attendance Zone Market Overview
Machado Elementary is an elementary school in the Lake Elsinore Unified district. The school carries a Topfind School Score of 2. Homes in the Machado Elementary attendance zone carry a median list price of $625,000. That tracks closely with Lake Elsinore as a whole. The median price moved from $580,000 in February to $545,000 in July, a 6.0% decrease over six months. Right now 91 homes are on the market in the Machado Elementary attendance zone. Listings shown here sit within the mapped attendance boundary, meaning homes here are assigned to Machado Elementary.
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Frequently Asked Questions about Homes near Machado Elementary
How many homes are for sale in Machado Elementary Area, CA?
There are currently 91 homes for sale in Machado Elementary Area, ranging from $249,900 to $915,990. 6 of them hit the market within the last week.
What is the median home price in Machado Elementary Area?
The median list price in Machado Elementary Area is $625,000. Price per square foot averages $325. Prices are down 8.8% compared to a year ago.
How fast do homes sell in Machado Elementary Area?
Homes in Machado Elementary Area currently average 40 days on the market, a steady pace.