Is Murrieta, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Murrieta is a seller's market


Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Murrieta, CA

How much do homes in Murrieta, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Murrieta have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Murrieta was $660,000 in March 2024, up 4.4% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $335K$315K
2 $455K$480K
3 $570K$589.9K
4 $670K$695K
5+ $772K$760K

Summary: Murrieta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Cities

Perris Valley

Housing Supply in Murrieta, CA

How many homes are available in Murrieta, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Murrieta real estate market had 421 homes for sale in March 2024, a 1.2% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 14
2 5446
3 117131
4 148133
5+ 106107

Summary: The Murrieta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 0.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murrieta, you could pay more than the asking price. 44% of homes here sold above asking price last month.

Summary: A total of 116 homes were sold or pending in Murrieta in March 2024, the same as the previous month. Of the 116 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% 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

Mar 2023Mar 2024CHANGE
42 Days31 Days-27.5%

Summary: Homes in Murrieta had an average of 31 days on market in Mar 2024, down by 27.5% compared to last year.

Breakdown of Home Sale Times

76 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 116 homes were sold in Murrieta; 66% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 9% 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 11 Days Ago

Newest Listings in Murrieta, CA

Nearby Markets to Murrieta, CA

What housing markets are near Murrieta, CA?