240 homes in Lake Elsinore
Homes for Sale in Lake Elsinore, CA
About Lake Elsinore, CA Real Estate
Lake Elsinore is centered around its namesake natural lake offering water sports and recreation. Features affordable housing, skydiving, and hot springs.
Today, Lake Elsinore has 240 homes for sale at a median price of $614,999, typically selling in about 52 days. Families here choose from 1 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in Lake Elsinore
Powered by the Topfind School Score
- 8Tuscany Hills Elementaryelementary
- 7Cottonwood Canyon Elementaryelementary
- 7Herk Bouris Elementaryelementary
- 7Rice Canyon Elementaryelementary
- 7Temescal Canyon Highhigh school
- 6Alberhill Elementaryelementary
Why Live in Lake Elsinore?
- Lake recreation
- Skydiving destination
- Hot springs
- Affordable housing
Popular Neighborhoods in Lake Elsinore
Lake Elsinore Market Pulse
Median Home Price
$610K
↑ 7.2% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
3.7 months of supply
Balanced Market240 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step—a steady flow of options without a glut. Listings typically sell in ~52 days.
Sales Velocity
How fast homes are selling
Homes are taking longer to sell—buyers have more time to negotiate and explore options. Sales 41% faster than 6 months ago.
Inventory Distribution
Homes are selling at a healthy pace—more listings move within 30 days than sit longer on the market.
Most homes are selling within a month, but a meaningful share is starting to linger longer.
Housing Tenure in Lake Elsinore
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
72%
Homeowners
28%
Renters
Homeownership is 16.5% higher than the California average (55.5%)
20,416 households (2023)
Affordability Snapshot
Typical home cost
$4,216/mo
Actual housing expense
Affordable budget (28%)
$2,252/mo
Based on median income
Median household income
$8,044/mo
Lake Elsinore
A typical home costs about 52% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$181K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $282K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 5 → 6 bedrooms (+$968K)
Price Reductions
109 listings have reduced their price
45% of active listings
Average reduction: 4.9% (~$30K)
Have questions about Lake Elsinore?
Connect with a local specialist
Explore Nearby Cities
Browse homes for sale in cities near Lake Elsinore