Is Murrieta, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Murrieta has remained a Seller's Market.
Housing Prices in Murrieta, CA
How much do homes in Murrieta, CA cost?
Median Sold Price
$667,916
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Murrieta was $667,916 in April 2024, up 6% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $317K | -5.4% |
2 Bedrooms | $455K | $489.9K | +7.7% |
3 Bedrooms | $569.5K | $590K | +3.6% |
4 Bedrooms | $660K | $700K | +6.1% |
5+ Bedrooms | $764K | $770K | +0.8% |
Summary: Murrieta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Temecula | $686.2K | $729.8K | +6.3% |
Murrieta | $629.9K | $667.9K | +6.0% |
Wildomar | $605K | $630K | +4.1% |
Perris Valley | $539.9K | $550K | +1.9% |
Menifee | $545K | $551.2K | +1.1% |
Housing Supply in Murrieta, CA
How many homes are available in Murrieta, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
449 | 463 | +3.1% |
Summary: The Murrieta real estate market had 463 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 46 | 47 | +2.2% |
3 Bedrooms | 141 | 149 | +5.7% |
4 Bedrooms | 148 | 149 | +0.7% |
5+ Bedrooms | 110 | 113 | +2.7% |
Summary: The Murrieta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 129 | +12.2% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Murrieta in April 2024, up by 12.2% month-over-month. Of the 129 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Murrieta, CA
How long does it take to sell a home in Murrieta, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 31 Days | -14.4% |
Summary: Homes in Murrieta had an average of 31 days on market in Apr 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 129 homes were sold in Murrieta; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.