Menifee Housing Market Report – July 2026
Here's a look at how the Menifee, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 202
- Median Sale Price: $590,000
- Average Sale Price: $854,034
- Average Price Per Sq Ft: $288
- Average Days on Market: 83
- Sale-to-List Price Ratio: 99.6%
Month-Over-Month Trends
Compared to June, the median sale price in Menifee moved 1.7% up (from $580,000 to $590,000). The number of homes sold was 17.9% down compared to the prior month (246 vs. 202). Average days on market shifted 13.7% up (73 days to 83 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 0.8% down (from $595,000 to $590,000). Sales volume is 1.0% up year-over-year.
What This Means
Menifee's housing market is showing mixed signals this July, with modest price gains offset by cooling buyer activity. The median price ticked up 1.7% month-over-month to $590,000, suggesting underlying price resilience, though year-over-year it's actually down slightly at 0.8%. What's more telling is the slowdown in sales volume—down 17.9% from June—and a notable jump in days on market from 73 to 83 days. These aren't alarming numbers, but they indicate sellers are losing their speed advantage as more inventory floods the market.
The active listing count of 1,009 homes tells the real story. That's substantial inventory for Menifee, giving buyers genuine negotiating power for the first time in a while. The 99.6% sale-to-list price ratio is still strong, but combined with longer selling times, it suggests we're transitioning away from the seller's market. Single-family homes make up the bulk of sales, which reflects Menifee's typical buyer profile. The 1.7% month-over-month price increase is likely seasonal rather than a trend reversal—July is typically slower than spring months anyway. Overall, this market is normalizing rather than surging, which could actually benefit serious buyers willing to wait and negotiate.
Menifee Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92584 | 95 | $650,000 | $291 | 86 |
| 92586 | 52 | $402,500 | $268 | 77 |
| 92585 | 45 | $600,010 | $303 | 86 |
| 92587 | 9 | $430,000 | $318 | 83 |
| 92595 | 1 | $165,000 | N/A | 89 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 154 | $590,000 | $295 |
| LAND | 31 | $686,000 | N/A |
| MOBILE | 11 | $140,000 | $182 |
| CONDOS | 4 | $393,000 | $295 |
| OTHER | 1 | $587,000 | N/A |
| TOWNHOMES | 1 | $475,000 | $311 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 7 |
| $100K - $199K | 6 |
| $200K - $299K | 2 |
| $300K - $399K | 21 |
| $400K - $499K | 19 |
| $500K - $749K | 118 |
| $750K+ | 29 |
Current Active Listings
As of this report, there are 1,009 active listings in Menifee with a median asking price of $583,990 and an average of 83 days on market.
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