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Thursday, November 7, 2024

Menifee home prices rise in January 2019

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The median sale price of a home sold in January 2019 in Menifee rose by $12,000 while total sales decreased by 11.5%, according to BlockShopper.com.

In January 2019, there were 100 homes sold, with a median sale price of $350,000 - a 3.6% increase over the $338,000 median sale price for the same period of the previous year. There were 113 homes sold in Menifee in January 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 January 2019.

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

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Aguanga 13-66.7%$389,000$455,000-14.5%
Canyon Lake141127.3%$377,750$385,000-1.9%
Idyllwild-Pine Cove 1017-41.2%$360,000$300,00020%
Calimesa610-40%$360,000$357,5000.7%
Bermuda Dunes 151136.4%$355,000$379,000-6.3%
Menifee 100113-11.5%$350,000$338,0003.6%
Palm Desert147176-16.5%$350,000$339,5003.1%
Rubidoux 1015-33.3%$349,000$340,0002.6%
Lake Elsinore5960-1.7%$340,000$361,250-5.9%
Beaumont3338-13.2%$335,000$309,0008.4%
Perris5460-10%$325,000$315,0003.2%

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