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Preforeclosure Homes in Menifee, CA 92585

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Menifee, CA Foreclosures

How much do homes sell for in Menifee, CA?
The average home price is currently $648,564.
In Menifee, CA, how many homes are available?
There are currently 25 active home listings available in Menifee.
What’s the average rental cost in Menifee, CA?
The average rental price in Menifee is $2,259.
What is the most expensive home in Menifee?
The most expensive home sold in Menifee had a price of $136,927,984.
What is currently the cheapest priced home in Menifee, CA?
The cheapest home for sale in Menifee is priced at $10,330.

Living in Menifee, CA

Menifee, California, is a vibrant city in Riverside County that offers a welcoming community lifestyle with an array of parks, recreational activities, and excellent schools. Known for its beautiful landscapes and family-friendly atmosphere, Menifee is well-connected with major highways and public transport for easy commuting. Ideal for families and retirees, this city boasts abundant amenities and community events throughout the year.

Current Market Conditions in Menifee, CA

Menifee's real estate market has shown consistent growth in the past year, driven by a surge in demand from families and retirees moving to the area. With its affordable housing options compared to nearby cities, Menifee has become increasingly attractive to homebuyers seeking more space and a community-centric environment. Homes in Menifee have appreciated significantly, reflecting the city's evolving market.

Current market conditions indicate a seller's market, with many homes receiving multiple offers shortly after listing. Inventory levels remain low, contributing to rising prices, but the high demand continues to drive new construction and developments in the area.

Home Value Estimator For Menifee, CA

There are currently 22,555 real estate properties in Menifee, CA, with a median automated valuation model (AVM) price of $627,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Menifee, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Menifee, CA, is $648,564.00, with the most expensive house in Menifee, CA, topping out at $136,927,984.00 and the cheapest home in Menifee, CA, clocking in at $10,330.00. In other words, there’s something for every potential homebuyer or savvy investor in Menifee, CA!

Rent Prices In Menifee, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Menifee, CA, is on a rollercoaster ride. The average rent price in Menifee, CA, is $2,259.00. Indeed, when looking to rent in Menifee, CA, you can expect to pay as little as $1,020.00 or as much as $5,460.00, with the average rent median estimated to be $2,230.00. The good news is that finding an affordable and desirable property to rent in Menifee, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Menifee, CA 92585 Preforeclosure Homes

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