In September 2019, there were 158 homes sold, with a median sale price of $345,500 - a 1.3% decrease over the $350,000 median sale price for the same period of the previous year. There were 128 homes sold in Menifee in September 2018.
The median sales tax in Menifee for 2019 was $3,653. In 2018, the median sales tax was $3,504. This marks an increase of 4.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Menifee to other Riverside County cities with similar median sale prices in September 2019:
| City | Sept. 2019 Home Sales | Sept. 2018 Home Sales | % change (Total Home Sales) | Sept. 2019 Median Sales Price | Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Romoland | 5 | 1 | 400% | $396,000 | $310,000 | 27.7% |
| Lake Elsinore | 86 | 67 | 28.4% | $385,000 | $375,000 | 2.7% |
| Palm Desert | 134 | 126 | 6.3% | $355,000 | $310,000 | 14.5% |
| Cherry Valley | 10 | 5 | 100% | $354,000 | $294,000 | 20.4% |
| Moreno Valley | 177 | 183 | -3.3% | $347,000 | $335,000 | 3.6% |
| Menifee | 158 | 128 | 23.4% | $345,500 | $350,000 | -1.3% |
| Beaumont | 48 | 59 | -18.6% | $344,750 | $330,000 | 4.5% |
| Perris | 74 | 73 | 1.4% | $342,500 | $320,000 | 7% |
| Calimesa | 10 | 5 | 100% | $322,500 | $340,500 | -5.3% |
| Cathedral City | 49 | 48 | 2.1% | $315,000 | $304,000 | 3.6% |
| San Jacinto | 75 | 77 | -2.6% | $300,500 | $309,000 | -2.8% |
Alerts Sign-up