Is Murrieta, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$668,409
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Murrieta was $668,409 in June 2024, up 6.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $323K | -2.1% |
2 Bedrooms | $455.5K | $485K | +6.5% |
3 Bedrooms | $566K | $596.8K | +5.4% |
4 Bedrooms | $660K | $700K | +6.1% |
5+ Bedrooms | $750K | $780K | +4.0% |
Summary: Murrieta housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Temecula | $680.1K | $739.8K | +8.8% |
Wildomar | $602K | $639.3K | +6.2% |
Murrieta | $629.9K | $668.4K | +6.1% |
Menifee | $539.9K | $562.3K | +4.1% |
Perris Valley | $536.4K | $557.2K | +3.9% |
Housing Supply in Murrieta, CA
How many homes are available in Murrieta, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
524 | 489 | -6.7% |
Summary: The Murrieta real estate market had 489 homes for sale in June 2024, a 6.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 56 | 55 | -1.8% |
3 Bedrooms | 170 | 149 | -12.4% |
4 Bedrooms | 171 | 161 | -5.8% |
5+ Bedrooms | 121 | 118 | -2.5% |
Summary: The Murrieta housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
147 | 142 | -3.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
66 Homes Were Sold
Over Asking
Summary: A total of 142 homes were sold or pending in Murrieta in June 2024, down by 3.4% month-over-month. Of the 142 sold homes, 30% were sold under asking, 24% were sold at asking, and 46% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +12.2% |
Summary: Homes in Murrieta had an average of 23 days on market in Jun 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 142 homes were sold in Murrieta; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.