Is Elsinore Valley, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Elsinore Valley is a seller's market


Difference Since August 2022

Since last year, Elsinore Valley has remained a Seller's Market.

Key Takeaway

Elsinore Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Elsinore Valley, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Elsinore Valley have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Elsinore Valley was $589,480 in August 2023, down 1.8% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $350K$305K
2 $411K$497.4K
3 $550K$550K
4 $635K$615K
5+ $740K$712K

Summary: Elsinore Valley housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 21%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Quail Valley
Canyon Lake
Lake Mathews
Lake Elsinore
Elsinore Valley

Housing Supply

How many homes are available in Elsinore Valley, CA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Elsinore Valley real estate market had 333 homes for sale in August 2023, a 1.8% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 12
2 3639
3 121119
4 114115
5+ 6758

Summary: The Elsinore Valley housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 13.4%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elsinore Valley, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.

Summary: A total of 81 homes were sold or pending in Elsinore Valley in August 2023, down by 17.3% month-over-month. Of the 81 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.

Days on Market

How long does it take to sell a home in Elsinore Valley, CA?

Average Sale Time

Aug 2022Aug 2023CHANGE
25 Days28 Days+11.9%

Summary: Homes in Elsinore Valley had an average of 28 days on market in Aug 2023, up by 11.9% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Elsinore Valley are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 81 homes were sold in Elsinore Valley; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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Nearby Markets

What housing markets are near Elsinore Valley, CA?