Menifee Housing Market Report – June 2026
Here's a look at how the Menifee, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 247
- Median Sale Price: $580,000
- Average Sale Price: $609,609
- Average Price Per Sq Ft: $292
- Average Days on Market: 73
- Sale-to-List Price Ratio: 98.6%
Month-Over-Month Trends
Compared to May, the median sale price in Menifee moved 0.9% down (from $585,500 to $580,000). The number of homes sold was 18.8% up compared to the prior month (208 vs. 247). Average days on market shifted 2.7% down (75 days to 73 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 0.9% up (from $575,000 to $580,000). Sales volume is 28.0% up year-over-year.
What This Means
Menifee's housing market is showing solid fundamentals heading into mid-2026, with prices holding steady while buyer activity ticks up. The median sale price of $580,000 represents essentially flat territory month-over-month, suggesting the market has found a price floor after months of minor fluctuations. What's more encouraging is that homes are moving slightly faster—dropping from 73 to 73 days on market—and sellers are getting nearly full asking price at 98.6%. This combination indicates a reasonably balanced market where neither buyers nor sellers hold overwhelming leverage.
The year-over-year comparison reveals modest but genuine growth, with median prices up 0.9 percent and sales activity up 28 percent. This steady appreciation and volume increase align with typical Inland Empire dynamics, where affordability relative to coastal counties continues drawing middle-income buyers despite broader economic headwinds. The active listing inventory of 941 homes provides decent selection without overwhelming supply, keeping competition manageable for serious buyers.
Single-family homes dominate the market mix, and at $292 per square foot, Menifee remains a genuine value play for the region. If you're considering selling, current conditions favor listing soon while momentum holds.
Menifee Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92584 | 107 | $650,000 | $296 | 73 |
| 92585 | 71 | $599,999 | $293 | 68 |
| 92586 | 57 | $390,000 | $270 | 78 |
| 92587 | 12 | $459,000 | $387 | 86 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 188 | $590,000 | $298 |
| LAND | 35 | $679,500 | N/A |
| MOBILE | 17 | $225,000 | $216 |
| CONDOS | 6 | $299,000 | $310 |
| CONDO | 1 | $571,000 | $348 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 7 |
| $100K - $199K | 8 |
| $200K - $299K | 6 |
| $300K - $399K | 22 |
| $400K - $499K | 29 |
| $500K - $749K | 149 |
| $750K+ | 26 |
Current Active Listings
As of this report, there are 941 active listings in Menifee with a median asking price of $579,990 and an average of 84 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.
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