Menifee Housing Market Report – April 2026
Here's a look at how the Menifee, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 137
- Median Sale Price: $532,000
- Average Sale Price: $499,855
- Average Price Per Sq Ft: $292
- Average Days on Market: 90
- Sale-to-List Price Ratio: 104.9%
Month-Over-Month Trends
Compared to March, the median sale price in Menifee moved 3.3% down (from $550,000 to $532,000). The number of homes sold was 4.2% down compared to the prior month (143 vs. 137). Average days on market shifted 1.1% up (89 days to 90 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 9.2% down (from $586,000 to $532,000). Sales volume is 28.3% down year-over-year.
What This Means
Menifee's housing market is showing clear signs of cooling as we move into late spring. With sales down 4.2% month-over-month and a median price decline of 3.3%, April suggests buyer momentum has stalled after the typical spring surge. The year-over-year numbers are more telling—a 28.3% drop in sales volume and a 9.2% median price decline paint a picture of a market that's significantly softer than a year ago. That 90-day average time on market, while only slightly up from March, reflects inventory that's taking longer to move despite active listings hovering around 854 homes.
What's interesting here is the disconnect between buyer and seller expectations. Homes are selling at 104.9% of list price, suggesting some competition remains, yet the market is pushing prices down year-over-year. This likely reflects a mix of higher mortgage rates keeping some buyers sidelined and sellers gradually adjusting their asking prices downward—evidenced by the gap between the median asking price of $574,846 and the actual median sale price of $532,000.
For buyers, this represents one of the more balanced conditions Menifee has seen in years. For sellers, it's becoming increasingly important to price competitively and understand that the free appreciation ride may be over.
Menifee Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92584 | 57 | $610,000 | $300 | 76 |
| 92586 | 40 | $362,500 | $279 | 87 |
| 92585 | 33 | $570,000 | $288 | 83 |
| 92587 | 7 | $379,000 | $344 | 255 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 113 | $575,000 | $297 |
| MOBILE | 12 | $297,000 | $240 |
| LAND | 9 | $30,000 | N/A |
| CONDOS | 3 | $455,000 | $310 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 10 |
| $100K - $199K | 5 |
| $200K - $299K | 2 |
| $300K - $399K | 26 |
| $400K - $499K | 16 |
| $500K - $749K | 68 |
| $750K+ | 10 |
Current Active Listings
As of this report, there are 854 active listings in Menifee with a median asking price of $574,846 and an average of 83 days on market.
Thinking About Selling Your Menifee Home?
If you're a homeowner in Menifee considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Menifee and throughout Riverside County — get a no-obligation cash offer today.