Menifee Housing Market Report – March 2026

Here's a look at how the Menifee, CA real estate market performed in March 2026, based on actual sold data from the MLS.

Market Snapshot

Homes Sold: 144
Median Sale Price: $552,450
Average Sale Price: $527,170
Average Price Per Sq Ft: $280
Average Days on Market: 89
Sale-to-List Price Ratio: 99.3%

Month-Over-Month Trends

Compared to February, the median sale price in Menifee moved 6.4% down (from $590,000 to $552,450). The number of homes sold was 34.6% up compared to the prior month (107 vs. 144). Average days on market shifted 19.1% down (110 days to 89 days).

Year-Over-Year Comparison

Compared to March 2025, the median sale price is 1.8% up (from $542,500 to $552,450). Sales volume is 18.2% down year-over-year.

What This Means

Menifee's housing market is showing some interesting mixed signals this March. Sales volume surged 34.6% month-over-month, which looks impressive on the surface, but there's context worth considering. The median price dropped 6.4% from February, suggesting buyers may be finding better deals or sellers are adjusting expectations after a slower winter. That said, homes are still selling near asking price at 99.3%, which indicates healthy demand despite the dip. The year-over-year median price is up 1.8%, so we're not looking at a market in decline, just normal seasonal volatility.

What's really telling is the inventory picture. With 760 active listings sitting on the market for an average of 85 days, Menifee has substantial supply. That's pushing homes to sell faster than the overall 89-day average and keeping price appreciation modest. Spring typically brings more buyer activity to inland Riverside County markets, and that's reflected in the sales jump. However, the fact that year-over-year sales are down 18.2% suggests this month's strength might just be seasonal rebound rather than sustained momentum. For buyers, this remains a relatively balanced market with room to negotiate. For sellers, moving inventory briskly is still the name of the game.

Menifee Sales by Zip Code

Zip Code	Homes Sold	Median Price	Avg $/SqFt	Avg DOM
92584	66	$622,500	$286	100
92586	46	$357,500	$258	73
92585	26	$597,500	$296	89
92587	6	$482,500	$312	90

Sales by Property Type

Property Type	Homes Sold	Median Price	Avg $/SqFt
SINGLE_FAMILY	130	$559,500	$288
MOBILE	8	$150,000	$141
LAND	4	$624,450	N/A
CONDOS	2	$421,251	$305

Sales by Price Range

Price Range	Homes Sold
Under $100K	5
$200K - $299K	6
$300K - $399K	21
$400K - $499K	22
$500K - $749K	82
$750K+	8

Current Active Listings

As of this report, there are 760 active listings in Menifee with a median asking price of $568,787 and an average of 85 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 the Central Valley — get a no-obligation cash offer today.