Menifee Housing Market Report – May 2026
Here's a look at how the Menifee, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 209
- Median Sale Price: $585,000
- Average Sale Price: $686,471
- Average Price Per Sq Ft: $289
- Average Days on Market: 75
- Sale-to-List Price Ratio: 99.5%
Month-Over-Month Trends
Compared to April, the median sale price in Menifee moved 0.9% up (from $580,000 to $585,000). The number of homes sold was 4.0% up compared to the prior month (201 vs. 209). Average days on market shifted 14.8% down (88 days to 75 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 6.4% down (from $625,000 to $585,000). Sales volume is 4.6% down year-over-year.
What This Means
Menifee's housing market is showing subtle signs of seasonal momentum as we head into summer. Sales volume ticked up 4 percent month-over-month to 209 homes, while the median price nudged higher to $585,000—a modest 0.9 percent gain. More significantly, homes are moving faster, with average days on market dropping from 88 to 75 days. This acceleration suggests buyers are becoming more active, which is typical for late spring in California's inland markets. The strong 99.5 percent sale-to-list price ratio indicates sellers still have negotiating power, though not dominantly so.
The year-over-year picture tells a different story, however. The median price is down 6.4 percent from May 2025's $625,000, reflecting the lingering effects of elevated mortgage rates and affordability pressures that have plagued California all year. Inventory remains elevated at 914 active listings—roughly four to five months of supply—giving buyers more breathing room than we saw in previous years. With active listings sitting at a median asking price of $575,000, there's a meaningful gap between what sellers want and what's actually selling, suggesting some price adjustment may still be coming as summer progresses.
Menifee Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92584 | 92 | $667,500 | $296 | 62 |
| 92586 | 61 | $369,000 | $264 | 79 |
| 92585 | 49 | $595,000 | $300 | 77 |
| 92587 | 7 | $400,000 | $392 | 170 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 151 | $580,000 | $301 |
| LAND | 38 | $722,250 | N/A |
| MOBILE | 14 | $142,500 | $174 |
| CONDOS | 5 | $300,000 | $237 |
| CONDO | 1 | $500,000 | $327 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 5 |
| $100K - $199K | 7 |
| $200K - $299K | 10 |
| $300K - $399K | 23 |
| $400K - $499K | 17 |
| $500K - $749K | 115 |
| $750K+ | 32 |
Current Active Listings
As of this report, there are 914 active listings in Menifee with a median asking price of $575,000 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.