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Wednesday, November 6, 2024

Menifee home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Menifee rose by $10,000 while total sales decreased by 2.2%, according to BlockShopper.com.

From January through June of 2019, there were 848 homes sold, with a median sale price of $345,000 - a 3% increase over the $335,000 median sale price for the same period of the previous year. There were 867 homes sold in Menifee in the first half of 2018.

The median sales tax in Menifee for the most recent year with available data, 2016, was $3,099, approximately 0.9% of the median home sale price for the first half of 2019.

The following table compares Menifee to other Riverside County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Calimesa837510.7%$382,500$345,00010.9%
Rubidoux 87110-20.9%$365,000$367,500-0.7%
Lake Elsinore409458-10.7%$365,000$360,0001.4%
Aguanga 13130%$360,000$380,000-5.3%
Palm Desert1,1831,265-6.5%$346,545$334,5003.6%
Menifee 848867-2.2%$345,000$335,0003%
Beaumont310341-9.1%$336,750$319,0005.6%
Moreno Valley9701,086-10.7%$332,000$320,0003.8%
Perris408444-8.1%$325,000$305,0006.6%
Cathedral City353392-9.9%$319,000$298,0007%
Idyllwild-Pine Cove 6899-31.3%$317,500$310,0002.4%

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