369 homes in Menifee
Homes for Sale in Menifee, CA
About Menifee, CA Real Estate
Menifee is one of California's newest and fastest-growing cities, incorporated in 2008. Offers affordable new construction and diverse communities from retirement to young families.
Today, Menifee has 369 homes for sale at a median price of $629,900, 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 Menifee
Powered by the Topfind School Score
- 8Taawila Elementaryelementary
- 7Chester W. Morrison Elementaryelementary
- 7Evans Ranch Elementaryelementary
- 7Menifee Valley Middleintermediate/middle/junior high
- 7Paloma Valley Highhigh school
- 6Bell Mountain Middleintermediate/middle/junior high
Why Live in Menifee?
- Affordable new construction
- Fastest-growing CA city
- Sun City retirement community
- Growing retail and dining
Popular Neighborhoods in Menifee
Menifee Market Pulse
Median Home Price
$590K
↑ 2.6% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
0.2 months of supply
Seller's MarketWith only 369 active listings, supply is tight.
What this means for buyers
Homes are selling quickly—inventory is tight, competition is strong, and buyers have limited room to negotiate. 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 29% 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 Menifee
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
80%
Homeowners
20%
Renters
Homeownership is 24.5% higher than the California average (55.5%)
35,034 households (2023)
Affordability Snapshot
Typical home cost
$4,314/mo
Actual housing expense
Affordable budget (28%)
$2,081/mo
Based on median income
Median household income
$7,432/mo
Menifee
A typical home costs about 58% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$185K/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
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $134K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 1 → 2 bedrooms (+$204K)
Price Reductions
150 listings have reduced their price
41% of active listings
Average reduction: 3.9% (~$25K)
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