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Wednesday, November 6, 2024

Menifee home prices rise in June 2019

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The median sale price of a home sold in June 2019 in Menifee rose by $15,000 while total sales decreased by 9.9%, according to BlockShopper.com.

In June 2019, there were 146 homes sold, with a median sale price of $345,000 - a 4.5% increase over the $330,000 median sale price for the same period of the previous year. There were 162 homes sold in Menifee in June 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 June 2019.

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

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Palm Desert2061917.9%$359,000$330,0008.8%
Nuevo 770%$355,000$335,0006%
Beaumont6977-10.4%$350,000$320,0009.4%
Mountain Center 45-20%$347,750$295,00017.9%
Moreno Valley172216-20.4%$345,000$325,0006.2%
Menifee 146162-9.9%$345,000$330,0004.5%
Thousand Palms18-87.5%$345,000$235,00046.8%
Lakeland Village5425%$340,000$235,00044.7%
Cherry Valley 6450%$334,500$362,000-7.6%
Cathedral City6470-8.6%$332,000$313,5005.9%
Indio105128-18%$329,500$310,0006.3%

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