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Wednesday, November 6, 2024

Menifee home prices fall in July 2019

Realestate1

The median sale price of a home sold in July 2019 in Menifee fell by $500 while total sales increased by 31.7%, according to BlockShopper.com.

In July 2019, there were 183 homes sold, with a median sale price of $349,000 - a 0.1% decrease over the $349,500 median sale price for the same period of the previous year. There were 139 homes sold in Menifee in July 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 July 2019.

The following table compares Menifee to other Riverside County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Calimesa911-18.2%$405,500$350,00015.9%
Bermuda Dunes 171513.3%$395,000$339,00016.5%
Lake Elsinore8094-14.9%$385,500$384,4090.3%
Palm Desert2051879.6%$359,000$338,5006.1%
Beaumont756515.4%$350,000$342,0002.3%
Menifee 18313931.7%$349,000$349,500-0.1%
Nuevo 42100%$345,000$492,500-29.9%
Aguanga 92350%$340,000$470,000-27.7%
Perris7696-20.8%$339,500$325,0004.5%
Moreno Valley2082042%$335,000$325,0003.1%
Cathedral City726412.5%$326,000$302,5007.8%

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