Menifee market overview: Where is the market moving?
PHOTO FROM 123RF
By Monica Hill
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hinking about a home in California? Menifee might be the place for you. Menifee has 16 elementary schools, 13 middle schools, and nine high schools. It is a part of the Riverside County R-1 School District. According to GreatSchools, all institutions received a 6 out of 10 grade. Houses in Menifee are better priced and have a lot of places at different price points—making it easier to find your dream home without making too many concessions. But before then, here’s a quick round-up of what the Menifee market is like now: COST OF HOMES IN MENIFEE According to Movoto, the median list price of homes in Menifee, California, in June 2022 was $598,000, up from $540,000 in 2021. The average sale price per square foot in June was $265/Sqft.
Menifee, California, single-family homes’ median list price in June 2022 was $599,000, up from $540,900 in 2021; the median sale price per square foot was $266. In Menifee, California, the typical list price for condos and townhomes was $327,999 in June 2022, up from $235,000 in 2021, while the median sale price per square foot was $236. STILL A SELLER’S MARKET The Menifee housing market is still sizzling. This is despite inflation and interest rates going up in the country. According to Redfin, the Menifee market scores a strong 76 out of 100 in June 2022. With homes having multiple offers, some buyers waive contingencies to stand a better chance of accepting their offers. Houses in Menifee are selling 2% over the list price, lasting only 18 days on the market. On the other hand, really hot homes are selling 4% over AUGUST 2022 | 119
