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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murrieta is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Murrieta, CA cost?

Median Sold Price

$624,766

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$97,532(+18.5%)

Key Takeaway

Homes in Murrieta have sold for 18.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $245K$320K
+30.6%
2 $370K$450K
+21.6%
3 $460K$557K
+21.1%
4 $567.5K$663K
+16.8%
5+ $630K$755.7K
+20.0%

Median Sold Price Compared To Nearby Cities

Menifee
+21.6%
Perris Valley
+20.2%
Murrieta
+18.5%
Temecula
+18.1%
Wildomar
+14.7%

How many homes are available in Murrieta, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
504531+5.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 45
+25.0%
2 3738
+2.7%
3 161166
+3.1%
4 173177
+2.3%
5+ 129145
+12.4%

Number of Homes Sold

Jul 2022Aug 2022%
107129+20.6%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

30 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. 39.5% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
10 Days25 Days+127.7%

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Murrieta, CA

Murrieta, CA has 531 homes for sale to choose from. The number of listings in Murrieta, CA increased by 5.4% between July 2022 and August 2022. In August 2022, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $624,766. Real estate listing prices changed between July 2022 and August 2022: the cost of 1 bedroom properties went up by 30.6%, the cost of 2 bedrooms properties went up by 21.6%, 3 bedrooms properties prices increased by 21.1%, prices of 4 bedrooms properties went up by 16.8%, prices of 5 bedrooms properties went up by 20%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 25%, 2 bedrooms homes inventory increased by 2.7%, volume of 3 bedrooms homes went up by 3.1%, number of 4 bedrooms homes increased by 2.3%, 5 bedrooms homes became 12.4% more available. In August 2022 more than 51 listings in Murrieta, CA were sold above the asking price. During the same period more than 30 listings were sold at asking price, while more than 48 were sold below.

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